The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wolverine World Wide, Inc. shares valued at $131,156 were sold by Latchana David A on Sep 26 ’24. At $17.02 per share, Latchana David A sold 7,706 shares. The insider’s holdings dropped to 13,889 shares worth approximately $0.22 million following the completion of this transaction.
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Also, Latchana David A purchased 7,706 shares, netting a total of over 131,188 in proceeds.
Before that, Soriano Isabel had sold 3,201 shares from its account. In a trade valued at $44,462, the President, International Group traded Wolverine World Wide, Inc. shares for $13.89 each. Upon closing the transaction, the insider’s holdings decreased to 3,201 shares, worth approximately $0.42 million.
As published in a research note from Exane BNP Paribas on October 03, 2024, Wolverine World Wide, Inc. [WWW] has been rated up from a Neutral to an Outperform and the price target has been revised to $22. As of August 08, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for WWW. Earlier on August 08, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for WWW stock.
Analyzing WWW Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, Wolverine World Wide, Inc. shares have jumped approximately 77.50%. Shares of the company reached a 52-week high of $18.51 on 10/04/24 and a 52-week low of $7.58 on 01/04/24. A 50-day SMA is recorded $15.11, while a 200-day SMA reached $12.26. Nevertheless, trading volume fell to 0.64 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Wolverine World Wide, Inc. (WWW)
According to the 24-hour chart, there is a support level at 15.58, which, if violated, would cause prices to drop to 15.39. In the upper region, resistance lies at 15.96. The next price resistance is at 16.15. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 92.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
