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A Guide To The Risks Of Investing In Valvoline Inc (VVV)

Valvoline Inc’s filing revealed that 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 $0.68 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 $1.06 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 -0.63% to $42.59. Over the last five days, the stock has gained 1.82%. Valvoline Inc shares have risen nearly 13.33% since the year began. Nevertheless, the stocks have risen 24.68% 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 $42.93, while 200 days put it at $36.74. A total of 1.37 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For VVV Stock

The 24-hour chart illustrates a support level at 42.17, which if violated will result in even more drops to 41.74. On the upside, there is a resistance level at 43.20. A further resistance level may holdings at 43.80. The Relative Strength Index (RSI) on the 14-day chart is 51.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.47%. Stochastics %K at 70.72% indicates the stock is a holding.

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.

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