Valvoline Inc (VVV US, +1, 27-Nov-24)

Charles Sonsteby (Director since 2016) purchased $395,000 worth of stock on November 25th at $39.50. This is just his third purchase, his largest and this highest price he has paid. He spent $154,000 on the Sept. 2016 IPO at $22, then added another $155,000 in November 2023 at $34. 

We ranked the stock a year ago based primarily on his purchase and it proved timely, although there were other buyers. Sonsteby has been the only buyer so far in 2024. 

Sonsteby was Vice Chairman and CFO of The Michaels Companies and previously served as the CFO of Brinker. He is the Lead Independent Director at Darden (since 2016) and hasn’t purchased those shares since 2020. 

We are ranking the stock +1 (strongly positive).