CHARLES SONSTEBY, Board Member at Valvoline (NYSE:VVV), reported a large insider buy on November 15, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that SONSTEBY purchased 4,500 shares of Valvoline. The total transaction amounted to $154,484.
Valvoline shares are trading up 0.37% at $34.96 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction ...