$YETI Things are going downhill for YETI, but not for insiders.
Selling brings more selling and as insiders offload many others follow, it has a dominos effect as stop losses are hit and profits are protected. The stock had a marvelous run but we suspect that we could see the $19 region hit very soon. The only line of protection is the 100 MA at $24.40 but if the market continues bearish next week it will have no significance, the stock will drop.
Company Description
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories.
YETI Holdings Inc. (YETI)’s director and 10% owner Roy J. Seider, 10% owners Rayan R. Seiders and Cortec Group Fund V LP sold 9.32 million shares for an average price of $28.5 per share on May 15.
Company Description
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories.
YETI Holdings Inc. (YETI)’s director and 10% owner Roy J. Seider, 10% owners Rayan R. Seiders and Cortec Group Fund V LP sold 9.32 million shares for an average price of $28.5 per share on May 15.