Wolverine Hits 52-Week High: Can Innovation Drive the Stock Higher?
WWWWolverine World Wide(WWW) ZACKS·2024-09-19 20:36

Shares of Wolverine World Wide, Inc. (WWW) hit a 52-week high of 15.37onWednesdaybeforefinallyclosingat15.37 on Wednesday before finally closing at 14.89. So far, WWW stock has rallied 67.5% against the Zacks Shoes and Retail Apparel industry’s sharp 21.4% decline. Brands investments and product diversification have enabled it to outperform the broader Zacks Consumer Discretionary sector and the S&P 500 index’s growth of 0.6% and 18.1%, respectively, during the same period. Moreover, technical indicators are supportive of Wolverine’s strong p ...