Wolverine World Wide (WWW) : Traders are bullish on Wolverine World Wide (WWW) as it has outperformed the S&P 500 by a wide margin of 2.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.42% in the last 1 week, and is up 3.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 10.83%. Wolverine World Wide (NYSE:WWW): On Fridays trading session , Opening price of the stock was $23.5 with an intraday high of $23.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.5. However, the stock managed to close at $23.9, a loss of 0.25% for the day. On the previous day, the stock had closed at $23.96. The total traded volume of the day was 651,885 shares.
The company Insiders own 5.54% of Wolverine World Wide shares according to the proxy statements. Institutional Investors own 93.47% of Wolverine World Wide shares. Also, Susquehanna initiates coverage on Wolverine World Wide (NYSE:WWW) In a research note issued to the investors, the brokerage major announces price-target of $20 per share.The shares have been rated Negative. The rating by the firm was issued on August 12, 2016.
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.