Valvoline (VVV) was Smart Insider's stock pick of the week after the company's director Charles Sonsteby bought $395,000 worth of Valvoline's shares at $39.50 apiece on Nov. 25.
This was Sonsteby's third purchase after spending $154,000 during the initial public offering in 2016 and then purchasing shares for $155,000 in November last year, Smart Insider said in a note Tuesday.
"We ranked the stock a year ago based primarily on his purchase and it proved timely, although there were other buyers," the note added. "Sonsteby has been the only buyer so far in 2024."
Smart Insider ranked the stock +1, or strong positive signal, on Nov. 27.
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