In a filing, Tanger Inc revealed 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 $1.98 million.
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 $2.83 million.
BMO Capital Markets initiated its Tanger Inc [SKT] rating to a Market perform in a research note published on January 28, 2025; the price target was $36. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. BofA Securities also remained covering SKT and has increased its forecast on November 11, 2024 with a “Buy” recommendation from previously “Neutral” rating. Scotiabank revised its rating on May 17, 2024. It rated SKT as “a Sector perform” which previously was an “a Sector underperform”.
Price Performance Review of SKT
On Tuesday, Tanger Inc [NYSE:SKT] saw its stock fall -1.46% to $33.17. Over the last five days, the stock has gained 0.12%. Tanger Inc shares have fallen nearly -2.81% since the year began. Nevertheless, the stocks have risen 18.76% over the past one year. While a 52-week high of $37.57 was reached on 01/03/25, a 52-week low of $25.67 was recorded on 01/10/25. SMA at 50 days reached $34.83, while 200 days put it at $30.86.
Levels Of Support And Resistance For SKT Stock
The 24-hour chart illustrates a support level at 32.87, which if violated will result in even more drops to 32.56. On the upside, there is a resistance level at 33.73. A further resistance level may holdings at 34.28. The Relative Strength Index (RSI) on the 14-day chart is 44.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.50%. Stochastics %K at 51.19% indicates the stock is a holding.
How much short interest is there in Tanger Inc?
A steep rise in short interest was recorded in Tanger Inc stocks on 2025-01-15, growing by 1.33 million shares to a total of 5.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.77 million shares. There was a rise of 26.03%, which implies that there is a positive sentiment for the stock.
