Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Traeger Inc shares valued at $500,428 were purchased by ANDRUS JEREMY on May 23 ’24. At $2.21 per share, ANDRUS JEREMY acquired 226,684 shares. The insider’s holdings grew to 7,655,571 shares worth approximately $24.73 million following the completion of this transaction.
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Also, ANDRUS JEREMY purchased 165,000 shares, netting a total of over 357,522 in proceeds. Following the buying of shares at $2.17 each, the insider now holds 7,428,887 shares.
Before that, ANDRUS JEREMY had added 63,323 shares to its account. In a trade valued at $139,925, the Chief Executive Officer bought Traeger Inc shares for $2.21 each. Upon closing the transaction, the insider’s holdings increased to 63,323 shares, worth approximately $23.46 million.
As published in a research note from Telsey Advisory Group on May 09, 2024, Traeger Inc [COOK] has been retained to an Outperform and the price target has been revised to $4. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of December 12, 2023, B. Riley Securities has initiated its “Buy” rating for COOK. Earlier on September 27, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for COOK stock which previously was a “an Equal-weight”.
Analyzing COOK Stock Performance
During the last five days, there has been a surge of approximately 12.54%. Over the course of the year, Traeger Inc shares have jumped approximately 18.32%. Shares of the company reached a 52-week high of $3.97 on 09/27/24 and a 52-week low of $1.97 on 03/12/24. A 50-day SMA is recorded $3.25, while a 200-day SMA reached $2.69. Nevertheless, trading volume fell to 0.13 million shares from 0.26 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 3.17, which, if violated, would cause prices to drop to 3.11. In the upper region, resistance lies at 3.34. The next price resistance is at 3.45. RSI (Relative Strength Index) is 56.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 25.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
