The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tanger Inc shares valued at $225,750 were sold by REDDIN THOMAS on May 12 ’25. At $32.25 per share, REDDIN THOMAS sold 7,000 shares. The insider’s holdings dropped to 39,602 shares worth approximately $1.16 million following the completion of this transaction.
Also, REDDIN THOMAS purchased 7,000 shares, netting a total of over 225,750 in proceeds.
Before that, Yalof Stephen had added 3,348 shares to its account. In a trade valued at $100,000, the President & CEO bought Tanger Inc shares for $29.87 each. Upon closing the transaction, the insider’s holdings increased to 3,348 shares, worth approximately $24.33 million.
As published in a research note from Goldman on March 28, 2025, Tanger Inc [SKT] has been rated up from a Neutral to a Buy and the price target has been revised to $40 from $39. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in late January. As of December 17, 2024, Deutsche Bank has initiated its “Hold” rating for SKT. Earlier on November 11, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SKT stock which previously was a “a Neutral”.
Analyzing SKT Stock Performance
During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Tanger Inc shares have dropped approximately -14.27%. Shares of the company reached a 52-week high of $36.76 on 02/20/25 and a 52-week low of $28.92 on 04/09/25.
Support And Resistance Levels for Tanger Inc (SKT)
According to the 24-hour chart, there is a support level at 28.96, which, if violated, would cause prices to drop to 28.65. In the upper region, resistance lies at 29.56. The next price resistance is at 29.85. RSI (Relative Strength Index) is 38.61 on the 14-day chart, showing neutral technical sentiment.
