Chief Executive Officer ANDRUS JEREMY acquired 148,878 shares of Traeger Inc. [COOK]

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ZOM Stock

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Traeger Inc. shares valued at $431,151 were purchased by ANDRUS JEREMY on Oct 17. At $2.90 per share, ANDRUS JEREMY acquired 148,878 shares. The insider’s holdings grew to 9,123,599 shares worth approximately $34.85 million following the completion of this transaction.

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Also, ANDRUS JEREMY purchased 58,221 shares, netting a total of over 173,691 in proceeds. Following the buying of shares at $2.98 each, the insider now holds 8,974,721 shares.

Before that, ANDRUS JEREMY had added 10,423 shares to its account. In a trade valued at $29,236, the Chief Executive Officer bought Traeger Inc. shares for $2.80 each. Upon closing the transaction, the insider’s holdings increased to 10,423 shares, worth approximately $34.06 million.

As published in a research note from William Blair on August 11, 2022, Traeger Inc. [COOK] has been rated down from an Outperform to a Mkt perform. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of July 26, 2022, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for COOK. Earlier on July 21, 2022, Telsey Advisory Group downgraded its rating. Their new recommendation was “a Market perform” for COOK stock which previously was a “an Outperform”.

Analyzing COOK Stock Performance

On Wednesday, Traeger Inc. [NYSE: COOK] plunged -2.80% to $3.82. The stock’s lowest price that day was $3.79, but it reached a high of $4.09 in the same session. Over the course of the year, Traeger Inc. shares have dropped approximately -68.59%. Shares of the company reached a 52-week high of $12.38 on 01/03/22 and a 52-week low of $2.52 on 09/02/22. A 50-day SMA is recorded $3.13, while a 200-day SMA reached $5.54. Nevertheless, trading volume fell to 0.5 million shares from 1.2 million shares the previous day.

Support And Resistance Levels for Traeger Inc. (COOK)

According to the 24-hour chart, there is a support level at 3.71, which, if violated, would cause prices to drop to 3.60. In the upper region, resistance lies at 4.01. The next price resistance is at 4.20. RSI (Relative Strength Index) is 60.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 33.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Traeger Inc. subject to short interest?

Stocks of Traeger Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.83 million shares to 6.99 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.82 million shares. A decline of -11.87% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.6 of the overall float, the days-to-cover ratio (short ratio) decline to 8.6.

Which companies own the most shares of Traeger Inc. (COOK)?

According to Ontario Teachers’ Pension Plan Bo filings, the company currently owns 24,693,075 shares, which is about 20.88% of the total COOK shares outstanding. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $17,210,502. The Vanguard Group, Inc. reduced a -4.88% interest valued at $7.05 million while BlackRock Fund Advisors purchased a 324,229 stake. A total of 1,511,821 shares of Traeger Inc. were bought by Millennium Management LLC during the quarter, and 600,289 were bought by Waratah Capital Advisors Ltd. In its current portfolio, Teachers Advisors LLC holds 1,144,978 shares valued at $3.23 million.


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