Stock Rating Upgrade
The Value Trend Rating for Wolverine World Wide Inc. (NYSE: WWW) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Wolverine World Wide Inc. (NYSE: WWW) stock declined by -3.2%, closing at $12.59. However, this decline was accompanied by below average trading volume at 81% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.0% during the last week.
Current PriceTarget Research Rating
WWW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Wolverine World Wide has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Wolverine World Wide has a poor Appreciation Score of 28 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
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