Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tanger Inc shares valued at $404,750 were sold by Swanson Gallardo Leslie on Mar 11 ’25. At $32.38 per share, Swanson Gallardo Leslie sold 12,500 shares. The insider’s holdings dropped to 113,158 shares worth approximately $3.72 million following the completion of this transaction.
Also, LESLIE A SWANSON GALLARDO purchased 12,500 shares, netting a total of over 404,696 in proceeds.
Before that, SKERRITT SUSAN E had sold 9,844 shares from its account. In a trade valued at $342,473, the Director traded Tanger Inc shares for $34.79 each. Upon closing the transaction, the insider’s holdings decreased to 9,844 shares, worth approximately $1.45 million.
As published in their initiating research note from BMO Capital Markets on January 28, 2025, Tanger Inc [SKT] has been a Market perform and the price target has been revised to $36. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. As of November 11, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for SKT. Earlier on May 17, 2024, Scotiabank upgraded its rating. Their new recommendation was “a Sector perform” for SKT stock which previously was a “a Sector underperform”.
Analyzing SKT Stock Performance
During the last five days, there has been a surge of approximately 2.02%. Over the course of the year, Tanger Inc shares have dropped approximately -3.72%. Shares of the company reached a 52-week high of $36.76 on 02/20/25 and a 52-week low of $31.24 on 03/21/25. A 50-day SMA is recorded $33.62, while a 200-day SMA reached $32.13.
Support And Resistance Levels for Tanger Inc (SKT)
According to the 24-hour chart, there is a support level at 32.62, which, if violated, would cause prices to drop to 32.38. In the upper region, resistance lies at 33.20. The next price resistance is at 33.55. RSI (Relative Strength Index) is 46.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 36.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
