(Finance) – Pressure on Wolverine World Widewhich is losing ground, showing a drop of 22.03%.
The footwear maker has revised its earnings per share forecast for the current year downwards and announced a change at the top: Christopher Hufnagel takes over from Brendan Hoffman as CEO.
The weekly analysis of the stock compared to theS&P-500 shows a decrease relative to the index in terms of relative strength of Wolverine World Widewhich does worse than the reference market.
The technical framework of Wolverine World Wide it signals a widening of the negative trend line with a drop to the support seen at USD 8.753, while on the upside it identifies the resistance area at 9.71. Forecasts are for a possible further retreat with a target set at 8.307.