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Taking a Closer Look At Wolverine World Wide, Inc. (WWW) Following Its Recent Trade

Wolverine World Wide, Inc.’s recently made public that its Chief Legal Officer Latchana David A unloaded Company’s shares for reported $0.13 million on Sep 26 ’24. In the deal valued at $17.02 per share,7,706 shares were sold. As a result of this transaction, Latchana David A now holds 13,889 shares worth roughly $0.24 million.

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Then, Latchana David A bought 7,706 shares, generating $131,188 in total proceeds.

Before that, Soriano Isabel sold 3,201 shares. Wolverine World Wide, Inc. shares valued at $44,462 were divested by the President, International Group at a price of $13.89 per share. As a result of the transaction, Soriano Isabel now holds 26,519 shares, worth roughly $0.45 million.

Exane BNP Paribas upgraded its Wolverine World Wide, Inc. [WWW] rating to an Outperform from a a Neutral in a research note published recently. KeyBanc Capital Markets also remained covering WWW and has increased its forecast on August 08, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Telsey Advisory Group maintained its rating on August 08, 2024. It rated WWW as “a Market perform”.

Price Performance Review of WWW

On Friday, Wolverine World Wide, Inc. [NYSE:WWW] saw its stock jump 1.24% to $17.15. Over the last five days, the stock has gained 3.81%. Wolverine World Wide, Inc. shares have risen nearly 92.91% since the year began. Nevertheless, the stocks have risen 114.11% over the past one year. While a 52-week high of $18.51 was reached on 10/04/24, a 52-week low of $7.52 was recorded on 01/04/24. SMA at 50 days reached $14.90, while 200 days put it at $12.14.

Levels Of Support And Resistance For WWW Stock

The 24-hour chart illustrates a support level at 16.93, which if violated will result in even more drops to 16.72. On the upside, there is a resistance level at 17.31. A further resistance level may holdings at 17.47. The Relative Strength Index (RSI) on the 14-day chart is 62.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.13%. Stochastics %K at 32.55% indicates the stock is a holding.

How much short interest is there in Wolverine World Wide, Inc.?

A steep rise in short interest was recorded in Wolverine World Wide, Inc. stocks on 2024-09-30, dropping by -2.63 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.88 million shares. There was a decline of -61.95%, which implies that there is a negative sentiment for the stock.

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