Tanger Inc’s recent filing unveils that its Director REDDIN THOMAS unloaded Company’s shares for reported $0.23 million on May 12 ’25. In the deal valued at $32.25 per share,7,000 shares were sold. As a result of this transaction, REDDIN THOMAS now holds 39,602 shares worth roughly $1.17 million.
Then, REDDIN THOMAS bought 7,000 shares, generating $225,750 in total proceeds.
Before that, Yalof Stephen bought 3,348 shares. Tanger Inc shares valued at $100,000 were divested by the President & CEO at a price of $29.87 per share. As a result of the transaction, Yalof Stephen now holds 831,611 shares, worth roughly $24.57 million.
Goldman upgraded its Tanger Inc [SKT] rating to a Buy from a a Neutral in a research note published on March 28, 2025; the price target was increased to $40 from $39. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in late January with a ‘”a Market perform”‘ rating. Deutsche Bank began covering SKT with “Hold” recommendation on December 17, 2024. BofA Securities revised its rating on November 11, 2024. It rated SKT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SKT
On Tuesday, Tanger Inc [NYSE:SKT] saw its stock jump 2.57% to $29.55. Over the last five days, the stock has lost -4.95%. Tanger Inc shares have fallen nearly -13.42% since the year began. Nevertheless, the stocks have risen 8.80% 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 05/23/25. SMA at 50 days reached $31.41, while 200 days put it at $32.89.
Levels Of Support And Resistance For SKT Stock
The 24-hour chart illustrates a support level at 29.08, which if violated will result in even more drops to 28.61. On the upside, there is a resistance level at 29.87. A further resistance level may holdings at 30.19. The Relative Strength Index (RSI) on the 14-day chart is 42.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.91%. Stochastics %K at 8.25% indicates the stock is a buying.
