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 $100,914 were purchased by Miller Taryn L on Feb 21 ’25. At $15.29 per share, Miller Taryn L acquired 6,600 shares. The insider’s holdings grew to 10,772 shares worth approximately $0.16 million following the completion of this transaction.
Also, Price DeMonty purchased 35,000 shares, netting a total of over 535,500 in proceeds. Following the buying of shares at $15.30 each, the insider now holds 35,000 shares.
Before that, Soriano Isabel had sold 7,687 shares from its account. In a trade valued at $181,183, the President, International Group traded Wolverine World Wide, Inc shares for $23.57 each. Upon closing the transaction, the insider’s holdings decreased to 7,687 shares, worth approximately $0.51 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 drop of approximately -2.96%. Over the course of the year, Wolverine World Wide, Inc shares have dropped approximately -33.47%. Shares of the company reached a 52-week high of $24.43 on 01/30/25 and a 52-week low of $14.44 on 02/19/25. A 50-day SMA is recorded $21.22, while a 200-day SMA reached $17.07. Nevertheless, trading volume fell to 1.67 million shares from 1.83 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 14.44, which, if violated, would cause prices to drop to 14.12. In the upper region, resistance lies at 15.38. The next price resistance is at 16.00. RSI (Relative Strength Index) is 22.14 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.29, which suggests the price will decrease in the coming days. Percent R is at 95.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
