Tanger Inc.’s filing revealed that its EVP, Chief Operating Officer Swanson Gallardo Leslie unloaded Company’s shares for reported $0.55 million on Sep 09 ’24. In the deal valued at $30.74 per share,17,900 shares were sold. As a result of this transaction, Swanson Gallardo Leslie now holds 85,396 shares worth roughly $2.85 million.
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Then, LESLIE A SWANSON GALLARDO bought 17,900 shares, generating $550,307 in total proceeds.
Before that, Guerrieri Thomas Joseph JR sold 3,000 shares. Tanger Inc. shares valued at $87,810 were divested by the SVP, CAO at a price of $29.27 per share. As a result of the transaction, Guerrieri Thomas Joseph JR now holds 63,782 shares, worth roughly $2.13 million.
Scotiabank upgraded its Tanger Inc. [SKT] rating to a Sector perform from a a Sector underperform in a research note published on May 17, 2024; the price target was increased to $28 from $20. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. BofA Securities also remained covering SKT and has increased its forecast on April 05, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Citigroup revised its rating on March 22, 2024. It rated SKT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SKT
On Friday, Tanger Inc. [NYSE:SKT] saw its stock jump 2.42% to $33.42. Over the last five days, the stock has gained 1.27%. Tanger Inc. shares have risen nearly 20.56% since the year began. Nevertheless, the stocks have risen 49.13% over the past one year. While a 52-week high of $33.26 was reached on 10/04/24, a 52-week low of $21.42 was recorded on 02/05/24. SMA at 50 days reached $30.15, while 200 days put it at $28.33.
Levels Of Support And Resistance For SKT Stock
The 24-hour chart illustrates a support level at 32.76, which if violated will result in even more drops to 32.09. On the upside, there is a resistance level at 33.76. A further resistance level may holdings at 34.09. The Relative Strength Index (RSI) on the 14-day chart is 72.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.42%. Stochastics %K at 81.50% indicates the stock is a selling.
How much short interest is there in Tanger Inc.?
A steep rise in short interest was recorded in Tanger Inc. stocks on 2024-09-13, growing by 0.35 million shares to a total of 4.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.8 million shares. There was a rise of 8.38%, which implies that there is a positive sentiment for the stock.
