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 13.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.51%, 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 5.48% in the last 1 week, and is up 13.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Wolverine World Wide Inc. is up 45.76% in the last 3-month period. Year-to-Date the stock performance stands at 51.84%. The stock has recorded a 20-day Moving Average of 5.8% and the 50-Day Moving Average is 14.15%.
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 $24.51 and $24.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.21, notching a gain of 2.81% for the day. The total traded volume was 1,314,796 . The stock had closed at $24.52 on the previous day.
Also, Susquehanna initiates coverage on Wolverine World Wide (NYSE:WWW). The shares have now been rated Negative by the stock experts at the ratings house. Susquehanna announces the current price target of $20 per share on Wolverine World Wide . 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.