The Potential Rise in the Price of Valvoline Inc. (VVV) following insiders activity


Valvoline Inc.’s filing revealed that its Senior Vice President and CSCO Gerrald Thomas A. II unloaded Company’s shares for reported $0.1 million on Feb 21. In the deal valued at $34.57 per share,3,000 shares were sold. As a result of this transaction, Gerrald Thomas A. II now holds 18,534 shares worth roughly $ 0.68 million.

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Then, Matheys Heidi J. sold 3,000 shares, generating $108,000 in total proceeds. Upon selling the shares at $36.00, the SVP, Chief Marketing Officer now owns 37,159 shares.

Before that, Ryan Michael S. sold 900 shares. Valvoline Inc. shares valued at $29,457 were divested by the Chief Accounting Officer at a price of $32.73 per share. As a result of the transaction, Ryan Michael S. now holds 8,258 shares, worth roughly $0.3 million.

Citigroup downgraded its Valvoline Inc. [VVV] rating to a Neutral from a a Buy in a research note published on Monday. PT values the company’s stock at a premium of 1.35 to its Monday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. JP Morgan also remained covering VVV and has increased its forecast on May 12, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. JP Morgan revised its rating on March 09, 2022. It rated VVV as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of VVV

On Monday, Valvoline Inc. [NYSE:VVV] saw its stock fall -1.43% to $36.50. On the same session, the stock had its day’s lowest price of $36.45, but rose to a high of $37.15. Over the last five days, the stock has gained 3.78%. Valvoline Inc. shares have risen nearly 11.79% since the year began. Nevertheless, the stocks have risen 14.74% over the past one year. While a 52-week high of $37.33 was reached on 03/03/23, a 52-week low of $24.40 was recorded on 01/03/23. SMA at 50 days reached $34.70, while 200 days put it at $31.10. A total of 2.3 million shares were traded, compared to the trading of 3.56 million shares in the previous session.

Levels Of Support And Resistance For VVV Stock

The 24-hour chart illustrates a support level at 36.25, which if violated will result in even more drops to 36.00. On the upside, there is a resistance level at 36.95. A further resistance level may holdings at 37.40. The Relative Strength Index (RSI) on the 14-day chart is 60.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.18%. Stochastics %K at 88.35% indicates the stock is a selling.

How much short interest is there in Valvoline Inc.?

A steep rise in short interest was recorded in Valvoline Inc. stocks on Jan 30, 2023, growing by 0.56 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 3.46 million shares. There was a rise of 13.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.19.

Valvoline Inc. [VVV] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,867,113 shares, or roughly 9.66% of the outstanding VVV shares. In other words, the investor’s shares have risen by 144,483 from its previous 13-F filing of 16722630.0. Additionally, BlackRock Fund Advisors increased 3.73% of its stake after which the total value it holdings stand at $543,061,370, while Fidelity Management & Research Co reduced -10.88% of its stake to hold $473.66 million in the firm. Over the last quarter, Boston Partners Global Investors, purchased 3,791,195 shares of Valvoline Inc., while Wasatch Advisors, Inc. bought 1,533,388 shares. At present, SSgA Funds Management, Inc. is holding 4,986,850 shares valued at $182.82 million. Viking Global Investors LP owned 4,876,780 shares of the company at the time of its most recent 13F filing, worth $178.78 million.

According to FactSet, Valvoline Inc.’s share price will average $39.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.37 percent from its previous closing price of $37.03. Analysts expect Valvoline Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $35.00. However, 7 analysts have rated VVV stock as an Overweight in their predictions for 2023.


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