JHVEPhoto/iStock Editorial via Getty Images
Wolverine World Wide (NYSE:WWW) edged up 1.2% amid speculation that it could be a vulnerable target for an activist investor.
WWW has a very high probability of attracting an activist investor in the near term, according to a report from Insightia's Activist Insight being passed around by traders earlier on Tuesday.
Wolverine World Wide (WWW) is expected to report Q4 results later this month. WWW shares surged 18% on Jan. 8 after the company reported preliminary Q4 results.
WWW's short interest is 4.8%. The shares have plunged 45% over the past year.
More on Wolverine World Wide
- Wolverine World Wide: Still In The Race
- Wolverine World Wide: Critical Improvements Highlighted In ICR Conference
- Wolverine World Wide Inc. (WWW) Q3 2023 Earnings Call Transcript
- Wolverine World Wide sells Sperry footwear brand
- Wolverine World Wide reaffirms FY23 financial results; updates net debt & inventory outlook