Tanger Inc’s filing revealed that its SVP, CAO Guerrieri Thomas Joseph JR unloaded Company’s shares for reported $0.11 million on Nov 19 ’24. In the deal valued at $36.27 per share,3,000 shares were sold. As a result of this transaction, Guerrieri Thomas Joseph JR now holds 59,641 shares worth roughly $2.2 million.
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Then, Thomas J Guerrieri Jr bought 3,000 shares, generating $108,100 in total proceeds.
Before that, Swanson Gallardo Leslie sold 17,900 shares. Tanger Inc shares valued at $550,246 were divested by the EVP, Chief Operating Officer at a price of $30.74 per share. As a result of the transaction, Swanson Gallardo Leslie now holds 85,396 shares, worth roughly $3.15 million.
BofA Securities upgraded its Tanger Inc [SKT] rating to a Buy from a a Neutral in a research note published on November 11, 2024; the price target was increased to $40 from $35. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid May from “a Sector underperform” to “a Sector perform”. Compass Point also remained covering SKT and has increased its forecast on May 02, 2024 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on April 05, 2024. It rated SKT as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of SKT
On Tuesday, Tanger Inc [NYSE:SKT] saw its stock jump 0.55% to $36.87. Over the last five days, the stock has gained 0.99%. Tanger Inc shares have risen nearly 33.01% since the year began. Nevertheless, the stocks have risen 45.16% over the past one year. While a 52-week high of $37.01 was reached on 11/22/24, a 52-week low of $24.72 was recorded on 02/05/24. SMA at 50 days reached $34.13, while 200 days put it at $29.69.
Levels Of Support And Resistance For SKT Stock
The 24-hour chart illustrates a support level at 36.60, which if violated will result in even more drops to 36.32. On the upside, there is a resistance level at 37.04. A further resistance level may holdings at 37.21. The Relative Strength Index (RSI) on the 14-day chart is 73.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.61%. Stochastics %K at 90.68% 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 2024-11-15, dropping by -1.03 million shares to a total of 3.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.3 million shares. There was a decline of -31.42%, which implies that there is a negative sentiment for the stock.
