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TheStreet Wire

Wolverine World Wide Rises On Unusually High Volume (WWW)

By TheStreet Wire 04/30/12 - 11:59 AM EDT

Find out if (WWW) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Wolverine World Wide (NYSE:WWW) is trading at unusually high volume Monday with 2.1 million shares changing hands. It is currently at four times its average daily volume and trading up $2.78 (+7.1%) at $42.14 as of 11:35 a.m. ET.

Wolverine World Wide has a market cap of $1.88 billion and is part of the consumer goods sector and consumer non-durables industry.

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories. It offers industrial work shoes, boots, uniform shoes, outdoor sports footwear, rugged casual footwear, lifestyle footwear, sandals, and closed-toe products.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wolverine World Wide Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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