Fmr LLC Decreases Stake in Traeger, Inc. (NYSE:COOK)

On August 12, 2021, Fmr LLC announced that it had decreased its stake in Traeger, Inc. (NYSE: TRAE) by approximately 3.5 million shares. The transaction was valued at around $47.6 million and represented a decrease in the percentage of ownership held by Fmr LLC from 10.2% to 6.7%.

Fmr LLC is a private investment firm that specializes in providing capital solutions to companies across various industries. Traeger, Inc. is a leading provider of outdoor cooking products, including grills, smokers, and accessories. The company was founded in 1980 and is headquartered in Minneapolis, Minnesota.

The reason for the decrease in stake by Fmr LLC is not immediately clear, but it may be related to changes in the company's strategic direction or financial performance. It is also possible that Fmr LLC decided to sell some of its shares to realize a profit or to free up capital for other investment opportunities.

It is worth noting that this transaction was reported on Form 4, which is a public filing required by the Securities and Exchange Commission (SEC) when insiders sell securities held in their personal accounts. The filing includes information about the date of the sale, the number of shares sold, the price per share, and the identity of the seller.