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Telsey Advisory Group gives a Market perform recommendation for Wolverine World Wide, Inc (WWW)

Wolverine World Wide, Inc’s filing revealed that its Chief Human Resources Officer Klimek Amy M. unloaded Company’s shares for reported $0.53 million on Nov 12 ’24. In the deal valued at $22.07 per share,24,000 shares were sold. As a result of this transaction, Klimek Amy M. now holds 20,238 shares worth roughly $0.47 million.

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Then, Klimek Amy M. sold 10,214 shares, generating $205,404 in total proceeds. Upon selling the shares at $20.11, the Chief Human Resources Officer now owns 19,093 shares.

Before that, Klimek Amy M. bought 24,000 shares. Wolverine World Wide, Inc shares valued at $529,650 were divested by the Officer at a price of $22.07 per share.

Telsey Advisory Group reiterated its Wolverine World Wide, Inc [WWW] rating to a Market perform in a research note published on November 08, 2024; the price target was $23. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Outperform”. KeyBanc Capital Markets revised its rating on August 08, 2024. It rated WWW as “an Overweight” which previously was an “a Sector weight”.

Price Performance Review of WWW

On Friday, Wolverine World Wide, Inc [NYSE:WWW] saw its stock jump 0.04% to $22.99. Over the last five days, the stock has lost -0.86%. Wolverine World Wide, Inc shares have risen nearly 158.61% since the year began. Nevertheless, the stocks have risen 156.58% over the past one year. While a 52-week high of $24.16 was reached on 12/04/24, a 52-week low of $7.58 was recorded on 01/04/24. SMA at 50 days reached $19.07, while 200 days put it at $14.07.

Levels Of Support And Resistance For WWW Stock

The 24-hour chart illustrates a support level at 22.61, which if violated will result in even more drops to 22.23. On the upside, there is a resistance level at 23.29. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 63.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.75%. Stochastics %K at 70.34% 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 2024-11-15, dropping by -0.56 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.07 million shares. There was a decline of -16.01%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 08, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $15.

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