Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance
Is Wolverine World Wide, Inc. (WWW) Going to Burn These Hedge Funds?
Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Wolverine World Wide, Inc. (NYSE:WWW).
Hedge fund interest in Wolverine World Wide, Inc. (NYSE:WWW) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that WWW isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as National Health Investors Inc (NYSE:NHI), FuelCell Energy, Inc. (NASDAQ:FCEL), and The Cheesecake Factory Incorporated (NASDAQ:CAKE) to gather more data points.
