The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Valvoline Inc shares valued at $102,768 were sold by O’Daniel Julie Marie on Aug 21 ’24. At $41.11 per share, O’Daniel Julie Marie sold 2,500 shares. The insider’s holdings dropped to 14,044 shares worth approximately $0.57 million following the completion of this transaction.
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Also, O’Daniel Julie Marie purchased 2,500 shares, netting a total of over 102,768 in proceeds.
Before that, Dobbins Robert Travis had sold 2,000 shares from its account. In a trade valued at $68,973, the Chief Technology Officer traded Valvoline Inc shares for $34.49 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.5 million.
As published in their initiating research note from Robert W. Baird on August 15, 2024, Valvoline Inc [VVV] has been an Outperform and the price target has been revised to $48. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid June. As of March 19, 2024, Mizuho has initiated its “Buy” rating for VVV. Earlier on January 16, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for VVV stock which previously was a “an Equal-weight”.
Analyzing VVV Stock Performance
During the last five days, there has been a drop of approximately -2.56%. Over the course of the year, Valvoline Inc shares have jumped approximately 7.21%. Shares of the company reached a 52-week high of $48.26 on 07/17/24 and a 52-week low of $33.86 on 02/06/24. A 50-day SMA is recorded $41.20, while a 200-day SMA reached $41.36. Nevertheless, trading volume fell to 1.02 million shares from 1.0 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 39.87, which, if violated, would cause prices to drop to 39.46. In the upper region, resistance lies at 40.56. The next price resistance is at 40.84. RSI (Relative Strength Index) is 43.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 82.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
