Valvoline (NYSE:VVV) Director Stephen E. Macadam purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were purchased at an average cost of $22.00 per share, with a total value of $110,000.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $110,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Valvoline (NYSE:VVV) opened at 23.49 on Monday. The stock’s 50 day moving average price is $23.60 and its 200 day moving average price is $23.60. Valvoline has a 1-year low of $23.00 and a 1-year high of $24.51.
Several research firms have recently weighed in on VVV. Seaport Global Securities began coverage on Valvoline in a research note on Monday, September 26th. They set a “buy” rating and a $27.00 price objective for the company. Gabelli began coverage on Valvoline in a research note on Wednesday, September 21st. They set a “buy” rating and a $29.00 price objective for the company. Finally, Monness Crespi & Hardt began coverage on Valvoline in a research note on Tuesday, September 27th. They set a “buy” rating and a $27.00 price objective for the company.
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