Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Valvoline Inc shares valued at $310,545 were sold by O’Daniel Julie Marie on Nov 29 ’23. At $34.51 per share, O’Daniel Julie Marie sold 9,000 shares. The insider’s holdings dropped to 15,981 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Dobbins Robert Travis sold 2,000 shares, netting a total of over 68,973 in proceeds. Following the sale of shares at $34.49 each, the insider now holds 12,478 shares.
Before that, O’Daniel Julie Marie had sold 1,002 shares from its account. In a trade valued at $35,070, the Chief Legal Officer traded Valvoline Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,002 shares, worth approximately $1.11 million.
As published in their initiating research note from Mizuho on March 19, 2024, Valvoline Inc [VVV] has been a Buy and the price target has been revised to $50. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. Earlier on September 07, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for VVV stock.
Analyzing VVV Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Valvoline Inc shares have jumped approximately 18.41%. Shares of the company reached a 52-week high of $45.37 on 03/21/24 and a 52-week low of $33.86 on 02/06/24. A 50-day SMA is recorded $40.68, while a 200-day SMA reached $36.11. Nevertheless, trading volume fell to 0.68 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Valvoline Inc (VVV)
According to the 24-hour chart, there is a support level at 43.94, which, if violated, would cause prices to drop to 43.37. In the upper region, resistance lies at 44.91. The next price resistance is at 45.32. RSI (Relative Strength Index) is 61.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 33.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Valvoline Inc subject to short interest?
Stocks of Valvoline Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.91 million shares to 7.64 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 6.73 million shares. A jump of 11.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.41 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.41.
