Wolverine World Wide Rises On Unusually High Volume (WWW)
Wolverine World Wide (NYSE:WWW) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up 80 cents (+2%).
NEW YORK ( TheStreet) -- Wolverine World Wide (NYSE: WWW) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up 80 cents (+2%) at $40.54 as of 3:37 p.m. ET. Wolverine World Wide has a market cap of $2.1 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 24.6% year to date as of the close of trading on Tuesday. Wolverine World Wide, Inc. engages in manufacturing, sourcing, marketing, licensing, and distributing footwear, apparel, and accessories to the retail sector primarily in the United States, Europe, and Canada. The company has a P/E ratio of 18.6, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.