In a filing, Traeger Inc revealed its Chief Executive Officer ANDRUS JEREMY acquired Company’s shares for reported $0.5 million on Mar 14 ’24. In the deal valued at $2.38 per share,212,100 shares were bought. As a result of this transaction, ANDRUS JEREMY now holds 7,210,564 shares worth roughly $15.43 million.
Then, ANDRUS JEREMY bought 184,589 shares, generating $428,929 in total proceeds. Upon buying the shares at $2.32, the Chief Executive Officer now owns 6,998,464 shares.
Before that, Blosil Dominic sold 7,656 shares. Traeger Inc shares valued at $30,731 were divested by the Chief Financial Officer at a price of $4.01 per share. As a result of the transaction, Blosil Dominic now holds 1,375,865 shares, worth roughly $2.94 million.
Telsey Advisory Group reiterated its Traeger Inc [COOK] rating to an Outperform in a research note published on March 08, 2024; the price target was $4.50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering COOK and has decreased its forecast on September 27, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Telsey Advisory Group revised its rating on August 03, 2023. It rated COOK as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of COOK
On Tuesday, Traeger Inc [NYSE:COOK] saw its stock jump 3.38% to $2.14. Over the last five days, the stock has gained 2.39%. Traeger Inc shares have fallen nearly -21.61% since the year began. Nevertheless, the stocks have fallen -32.28% over the past one year. While a 52-week high of $6.70 was reached on 01/02/24, a 52-week low of $1.97 was recorded on 03/12/24. SMA at 50 days reached $2.26, while 200 days put it at $2.96. A total of 0.25 million shares were traded, compared to the trading of 98800.0 shares in the previous session.
Levels Of Support And Resistance For COOK Stock
The 24-hour chart illustrates a support level at 2.06, which if violated will result in even more drops to 1.98. On the upside, there is a resistance level at 2.22. A further resistance level may holdings at 2.30. The Relative Strength Index (RSI) on the 14-day chart is 43.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.88%. Stochastics %K at 15.71% indicates the stock is a buying.
