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Valvoline Rises 7% On Decision To Separate Two Business Segments

Shares of automotive oil manufacturer and supplier Valvoline Inc. (VVV) are climbing 7 percent on Tuesday's trading after the company decided to separate its two business segments, Retail Services and Global Products.

The company said that the decision would better position the Retail Services and Global Products businesses for continued long-term success.

Valvoline is expected to report full year 2021 results on November 3. The company now expects sales of $3 billion for fiscal 2021, up 27 percent from last year.

Currently at $34.04, the stock has traded between $18.34 and 34.65 during the past 52 weeks.

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