SVP Eric Fisher sold $1.8M worth of VLO shares at $236.90, reducing his directly held stake by 21.6% from a position 10.8% below the 90-day high. This third sale in three months, totaling over $5.7M, signals a persistent and significant reduction in personal exposure by a senior officer. Bear: a break below the recent $232.74 low could accelerate selling toward the 90-day low of $213.69.

Where it could go — Broad base rate 41.7% positive at 90d; bear breaks $232.74, bull holds above it.

SVP Eric Fisher sold $1.9M worth of VLO shares at $251.61, reducing his stake by 17.8% at a price just 3.3% below the 90-day high. As a first-time seller disposing of a large chunk of stock near the recent peak, this action suggests a lack of conviction in near-term upside, especially absent any other insider buying. Bull: a hold above the 30-day low of $223.23 could signal the selloff is overdone; bear: a break below $223.23 may confirm the insider's caution.

Where it could go — No similar VLO signal history; broad base rate for first-time officer sells is 45% positive at 90d. Bull holds $223, bear breaks $223.