Tanger Inc’s filing revealed that its EVP, Chief Operating Officer Swanson Gallardo Leslie unloaded Company’s shares for reported $0.4 million on Mar 11 ’25. In the deal valued at $32.38 per share,12,500 shares were sold. As a result of this transaction, Swanson Gallardo Leslie now holds 113,158 shares worth roughly $3.64 million.
Then, LESLIE A SWANSON GALLARDO bought 12,500 shares, generating $404,696 in total proceeds.
Before that, SKERRITT SUSAN E sold 9,844 shares. Tanger Inc shares valued at $342,473 were divested by the Director at a price of $34.79 per share. As a result of the transaction, SKERRITT SUSAN E now holds 44,091 shares, worth roughly $1.42 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 -0.59% to $32.21. Over the last five days, the stock has lost -1.98%. Tanger Inc shares have fallen nearly -5.63% since the year began. Nevertheless, the stocks have risen 13.34% over the past one year. While a 52-week high of $37.57 was reached on 02/20/25, a 52-week low of $25.94 was recorded on 03/13/25. SMA at 50 days reached $33.71, while 200 days put it at $31.94.
Levels Of Support And Resistance For SKT Stock
The 24-hour chart illustrates a support level at 31.88, which if violated will result in even more drops to 31.54. On the upside, there is a resistance level at 32.52. A further resistance level may holdings at 32.82. The Relative Strength Index (RSI) on the 14-day chart is 37.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.68%. Stochastics %K at 13.17% indicates the stock is a buying.
How much short interest is there in Tanger Inc?
A steep rise in short interest was recorded in Tanger Inc stocks on 2025-02-28, dropping by -0.56 million shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.81 million shares. There was a decline of -13.28%, which implies that there is a negative sentiment for the stock.
