Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Valvoline Inc shares valued at $99,100 were purchased by Flees Lori Ann on Nov 27 ’24. At $39.64 per share, Flees Lori Ann acquired 2,500 shares. The insider’s holdings grew to 38,428 shares worth approximately $1.49 million following the completion of this transaction.
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Also, SONSTEBY CHARLES M purchased 10,000 shares, netting a total of over 395,000 in proceeds. Following the buying of shares at $39.50 each, the insider now holds 26,437 shares.
Before that, O’Daniel Julie Marie had sold 2,500 shares from its account. In a trade valued at $102,768, the Chief Legal Officer traded Valvoline Inc shares for $41.11 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $0.55 million.
As published in their initiating research note from Stephens on October 15, 2024, Valvoline Inc [VVV] has been an Overweight and the price target has been revised to $49. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid August. As of June 12, 2024, Piper Sandler has initiated its “an Overweight” rating for VVV. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for VVV stock.
Analyzing VVV Stock Performance
During the last five days, there has been a surge of approximately 0.26%. Over the course of the year, Valvoline Inc shares have jumped approximately 3.49%. 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 $41.07, while a 200-day SMA reached $42.11. Nevertheless, trading volume fell to 1.48 million shares from 1.33 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 38.66, which, if violated, would cause prices to drop to 38.44. In the upper region, resistance lies at 39.21. The next price resistance is at 39.54. RSI (Relative Strength Index) is 39.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 82.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
