Traeger CEO Jeremy Andrus increases insider ownership to 6.8% with a $497,000 share purchase.
Traeger CEO Jeremy Andrus purchased 4.0% more shares for $497,000, boosting his ownership in the company. Insider ownership is at 6.8% of Traeger, showing management alignment with shareholders. Despite current losses, insider transactions suggest belief in undervalued shares; however, investors should weigh risks before making decisions. Traeger (NYSE:COOK) has a market cap of $291.25M and a consensus "Moderate Buy" recommendation with an average 12-month price target of $4.38.
May 26, 2024
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