In a filing, Valvoline Inc revealed its Chief Legal Officer O’Daniel Julie Marie unloaded Company’s shares for reported $0.31 million on Nov 29 ’23. In the deal valued at $34.51 per share,9,000 shares were sold. As a result of this transaction, O’Daniel Julie Marie now holds 15,981 shares worth roughly $0.69 million.
Then, Dobbins Robert Travis sold 2,000 shares, generating $68,973 in total proceeds. Upon selling the shares at $34.49, the Chief Technology Officer now owns 12,478 shares.
Before that, O’Daniel Julie Marie sold 1,002 shares. Valvoline Inc shares valued at $35,070 were divested by the Chief Legal Officer at a price of $35.00 per share. As a result of the transaction, O’Daniel Julie Marie now holds 24,981 shares, worth roughly $1.08 million.
Mizuho initiated its Valvoline Inc [VVV] rating to a Buy in a research note published on March 19, 2024; the price target was $50. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Equal-weight” to “an Overweight”. Wells Fargo started covering the stock on September 07, 2023. It rated VVV as “an Overweight”.
Price Performance Review of VVV
On Monday, Valvoline Inc [NYSE:VVV] saw its stock fall -0.16% to $43.20. Over the last five days, the stock has lost -3.51%. Valvoline Inc shares have risen nearly 14.95% since the year began. Nevertheless, the stocks have risen 25.11% over the past one year. While a 52-week high of $45.37 was reached on 03/21/24, a 52-week low of $29.15 was recorded on 02/06/24. SMA at 50 days reached $41.67, while 200 days put it at $36.35. A total of 0.89 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For VVV Stock
The 24-hour chart illustrates a support level at 42.99, which if violated will result in even more drops to 42.79. On the upside, there is a resistance level at 43.45. A further resistance level may holdings at 43.71. The Relative Strength Index (RSI) on the 14-day chart is 50.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.62%. Stochastics %K at 21.67% indicates the stock is a holding.
How much short interest is there in Valvoline Inc?
A steep rise in short interest was recorded in Valvoline Inc stocks on Mar 15, 2024, growing by 70000.0 shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.66 million shares. There was a rise of 0.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.55.
The most recent change occurred on June 23, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $43 price target.
