Today it was reported that the Pres, Gl Ops & Heritage Groups of Wolverine World Wide (NYSE: WWW), Michael Jeppesen, exercised options to sell 49,151 WWW shares at $27.60 a share, for a total transaction value of $1.86M.
Following Michael Jeppesen’s last WWW Sell transaction on May 15, 2018, the stock climbed by 5.8%. In addition to Michael Jeppesen, one other WWW executive reported Sell trades in the last month.
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WWW’s market cap is $3.59B and the company has a P/E ratio of 57.01. Currently, Wolverine World Wide has an average volume of 314.6K.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41.14, reflecting a -8.1% downside.
In the last 30 days, insiders have sold $1.86M worth of WWW shares and purchased $37.17K worth of WWW shares. The insider sentiment on Wolverine World Wide has been positive according to 61 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Michael Jeppesen’s trades have generated a -16.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Wolverine World Wide, Inc. engages in the designing, manufacturing, licensing and marketing of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Outdoor & Lifestyle Group; Wolverine Boston Group; Wolverine Heritage Group; and Wolverine Multi-Brand Group. The Wolverine Outdoor & Lifestyle Group segment brands include Merrell, Cat, Hush Puppies, and Chaco. The Wolverine Boston Group segment brands include Sperry, Saucony, and Keds. The Wolverine Heritage Group segment brands include Wolverine, Bates, Harley-Davidson, and HyTest. The Wolverine Multi-Brand Group segment brands include Stride Rite and its multi-brand consumer-direct businesses. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.
