Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wolverine World Wide, Inc shares valued at $181,183 were sold by Soriano Isabel on Nov 25 ’24. At $23.57 per share, Soriano Isabel sold 7,687 shares. The insider’s holdings dropped to 34,206 shares worth approximately $0.79 million following the completion of this transaction.
Also, Klimek Amy M. sold 24,000 shares, netting a total of over 529,680 in proceeds. Following the sale of shares at $22.07 each, the insider now holds 20,238 shares.
Before that, Klimek Amy M. had sold 10,214 shares from its account. In a trade valued at $205,404, the Chief Human Resources Officer traded Wolverine World Wide, Inc shares for $20.11 each. Upon closing the transaction, the insider’s holdings decreased to 10,214 shares, worth approximately $0.44 million.
As published in a research note from Stifel on December 11, 2024, Wolverine World Wide, Inc [WWW] has been rated up from a Hold to a Buy and the price target has been revised to $29 from $21. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early November. As of October 03, 2024, Exane BNP Paribas has increased its “Neutral” rating to a “an Outperform” for WWW.
Analyzing WWW Stock Performance
During the last five days, there has been a surge of approximately 2.48%. Over the course of the year, Wolverine World Wide, Inc shares have jumped approximately 4.14%. Shares of the company reached a 52-week high of $23.78 on 01/22/25 and a 52-week low of $21.56 on 01/23/25. A 50-day SMA is recorded $22.88, while a 200-day SMA reached $16.25. Nevertheless, trading volume fell to 0.6 million shares from 1.07 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 22.91, which, if violated, would cause prices to drop to 22.71. In the upper region, resistance lies at 23.41. The next price resistance is at 23.71. RSI (Relative Strength Index) is 54.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 29.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
