Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wolverine World Wide, Inc shares valued at $529,680 were sold by Klimek Amy M. on Nov 12 ’24. At $22.07 per share, Klimek Amy M. sold 24,000 shares. The insider’s holdings dropped to 20,238 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Klimek Amy M. sold 10,214 shares, netting a total of over 205,404 in proceeds. Following the sale of shares at $20.11 each, the insider now holds 19,093 shares.
Before that, Klimek Amy M. had added 24,000 shares to its account. In a trade valued at $529,650, the Officer bought Wolverine World Wide, Inc shares for $22.07 each.
As published in a research note from Telsey Advisory Group on November 08, 2024, Wolverine World Wide, Inc [WWW] has been retained to a Market perform and the price target has been revised to $23. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early October. Earlier on August 08, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for WWW stock which previously was a “a Sector weight”.
Analyzing WWW Stock Performance
During the last five days, there has been a surge of approximately 3.86%. Over the course of the year, Wolverine World Wide, Inc shares have jumped approximately 157.37%. Shares of the company reached a 52-week high of $23.15 on 11/21/24 and a 52-week low of $7.58 on 01/04/24. A 50-day SMA is recorded $17.49, while a 200-day SMA reached $13.36. Nevertheless, trading volume fell to 0.72 million shares from 0.72 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 22.21, which, if violated, would cause prices to drop to 21.54. In the upper region, resistance lies at 23.35. The next price resistance is at 23.82. RSI (Relative Strength Index) is 76.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 3.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
