Traeger Stock Soars 10.2% on CEO's Share Buying Spree

Generated by AI AgentAinvest Pre-Market Radar
Monday, Jun 9, 2025 5:17 am ET1min read

On June 9, 2025, Traeger's stock surged by 10.2% in pre-market trading, marking a significant uptick in investor interest and confidence in the company's future prospects.

Traeger's CEO, Jeremy Andrus, has been actively acquiring shares of the company. On June 6th, he purchased 176,425 shares, and on June 5th, he acquired an additional 250,000 shares. These transactions indicate a strong belief in the company's potential from its top leadership.

Institutional investors have also shown increased interest in

. Two Sigma Advisers LP boosted its stake by 202.8% during the fourth quarter, while Dimensional Fund Advisors LP grew its holdings by 84.5%. and D. E. Shaw & Co. Inc. also increased their stakes significantly, reflecting a broader institutional confidence in Traeger's growth prospects.

Analysts have provided mixed ratings for Traeger. Morgan Stanley and Robert W. Baird both set an "underweight" and "neutral" rating respectively, while Canaccord Genuity Group maintained a "buy" rating. The average price target for Traeger's stock is $2.44, indicating a cautious yet optimistic outlook among analysts.

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