Traeger Inc’s recently made public that its Chief Executive Officer ANDRUS JEREMY acquired Company’s shares for reported $0.5 million on May 23 ’24. In the deal valued at $2.21 per share,226,684 shares were bought. As a result of this transaction, ANDRUS JEREMY now holds 7,655,571 shares worth roughly $25.49 million.
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Then, ANDRUS JEREMY bought 165,000 shares, generating $357,522 in total proceeds. Upon buying the shares at $2.17, the Chief Executive Officer now owns 7,428,887 shares.
Before that, ANDRUS JEREMY bought 63,323 shares. Traeger Inc shares valued at $139,925 were divested by the Chief Executive Officer at a price of $2.21 per share. As a result of the transaction, ANDRUS JEREMY now holds 7,263,887 shares, worth roughly $24.19 million.
Telsey Advisory Group reiterated its Traeger Inc [COOK] rating to an Outperform in a research note published on May 09, 2024; the price target was $4. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. B. Riley Securities began covering COOK with “Buy” recommendation on December 12, 2023. Morgan Stanley revised its rating on September 27, 2023. It rated COOK as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of COOK
On Tuesday, Traeger Inc [NYSE:COOK] saw its stock fall -0.89% to $3.33. Over the last five days, the stock has lost -7.76%. Traeger Inc shares have risen nearly 21.98% since the year began. Nevertheless, the stocks have fallen -16.12% over the past one year. While a 52-week high of $4.12 was reached on 08/26/24, a 52-week low of $1.97 was recorded on 03/12/24. SMA at 50 days reached $2.79, while 200 days put it at $2.45.
Levels Of Support And Resistance For COOK Stock
The 24-hour chart illustrates a support level at 3.25, which if violated will result in even more drops to 3.18. On the upside, there is a resistance level at 3.40. A further resistance level may holdings at 3.47. The Relative Strength Index (RSI) on the 14-day chart is 53.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.14%. Stochastics %K at 25.43% indicates the stock is a holding.
How much short interest is there in Traeger Inc?
A steep rise in short interest was recorded in Traeger Inc stocks on 2024-08-15, dropping by -0.38 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.93 million shares. There was a decline of -24.92%, which implies that there is a negative sentiment for the stock.
