Wolverine World Wide Inc. (NYSE: WWW) stock closed at $9.15 on 1/8/24 after a major increase of 18.4%. Moreover, unusually high trading volume at 155% of normal accompanied the advance. The stock has risen 0.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WWW is expected to continue to be a major Value Builder.
Wolverine World Wide has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Wolverine World Wide has a slightly negative Appreciation Score of 33 and a very low Power Rating of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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