Shares of Wolverine World Wide (WWW) Sees Large Outflow of Money

Wolverine World Wide (WWW) : Money flow in the Wolverine World Wide (WWW) stock was negative (8.31 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.34 million, compared to $10.65 million on downticks. The total uptick to downtick ratio was 0.22, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.2 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.2 million, indicating persistent selling. Wolverine World Wide (WWW) traded $0.03 higher at $22.95 gaining 0.13% over the previous days close.


The stock has recorded a 20-day Moving Average of 10.67% and the 50-Day Moving Average is 18.6%. Shares have dropped -23.58% 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 $19.55 and the 200 Day Moving Average price is recorded at $18.16.

Wolverine World Wide (NYSE:WWW): The stock opened at $23.10 on Thursday but the bulls could not build on the opening and the stock topped out at $23.10 for the day. The stock traded down to $22.78 during the day, due to lack of any buying support eventually closed down at $22.81 with a loss of -0.48% for the day. The stock had closed at $22.92 on the previous day. The total traded volume was 1,584,497 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wolverine World Wide Inc /De/, Boromisa Jeffrey M, had purchased 2,500 shares in a transaction dated on October 29, 2015. The transaction was executed at $18.49 per share with total amount equaling $46,225.

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.

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