Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.19 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 $25.0 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
On last trading session,, Tanger Inc [NYSE: SKT] plunged -0.99% to $30.06. The stock’s lowest price that day was $29.85, but it reached a high of $30.41 in the same session. During the last five days, there has been a surge of approximately 2.52%. Over the course of the year, Tanger Inc shares have dropped approximately -11.92%.
Support And Resistance Levels for Tanger Inc (SKT)
RSI (Relative Strength Index) is 48.40 on the 14-day chart, showing neutral technical sentiment.
Is Tanger Inc subject to short interest?
Stocks of Tanger Inc saw a sharp rise in short interest on 2025-05-30 jumping by 0.27 million shares to 5.26 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 4.99 million shares. A jump of 5.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.46.
Which companies own the most shares of Tanger Inc (SKT)?
In terms of Tanger Inc share price expectations, FactSet research, analysts set an average price target of 32.5 in the next 12 months, up nearly 7.05% from the previous closing price of $30.36. Analysts anticipate Tanger Inc stock to reach 35 by 2025, with the lowest price target being 28. In spite of this, 5 analysts ranked Tanger Inc stock as Buy at the end of 2025. On May 17, 2024, Scotiabank assigned a price target of “a Sector perform” to the stock and upgraded coverage with a $28.
