Wolverine World Wide (NYSE:WWW) has climbed 3.69% in the past week and advanced 16.72% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.93% and the outperformance has advanced to 15.65% for the last 4 weeks period.
Wolverine World Wide (NYSE:WWW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.55 and $19.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.25, notching a gain of 3.85% for the day. The total traded volume was 2,060,071 . The stock had closed at $19.50 on the previous day.
The company shares have dropped -30.77% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $29.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.54 and the 200 Day Moving Average price is recorded at $17.84.
On the companys insider trading activities, Boromisa Jeffrey M, director of Wolverine World Wide Inc /De/, had purchased 2,500 shares on October 29, 2015. The total value of the transaction was $46,225. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Sterne Agee CRT downgrades their rating on the shares of Wolverine World Wide (NYSE:WWW). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 5.54% of Wolverine World Wide shares according to the proxy statements. Institutional Investors own 85.63% of Wolverine World Wide shares.
Wolverine World Wide, Inc. is a designer, manufacturer and marketer of casual footwear and apparel, outdoor and athletic footwear and apparel, childrens footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, and Cushe footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business, leather marketing operations, and sourcing operations that include third-party commission revenues.