Large Inflow of Money Detected in Tanger Factory Outlet Centers

Tanger Factory Outlet Centers (SKT) : Tanger Factory Outlet Centers (SKT) had a healthy money flow of $1.14 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $3 million, whereas, investors only sold shares worth $1.86 million on downticks. The stock closed the day with an up-down ratio of 1.61.The money flow in the block trades to the tune of $0.61 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.61 million worth of transactions were on upticks. Tanger Factory Outlet Centers (SKT) stock slid $0.22 intraday and traded at 40.47, a change of -0.54% over previous days close. However, for the week, the company shares are 0.07% compared to previous weeks close.


Tanger Factory Outlet Centers Inc. is up 16.36% in the last 3-month period. Year-to-Date the stock performance stands at 26.91%.

Tanger Factory Outlet Centers (NYSE:SKT): The stock opened at $40.71 on Monday but the bulls could not build on the opening and the stock topped out at $40.92 for the day. The stock traded down to $40.39 during the day, due to lack of any buying support eventually closed down at $40.44 with a loss of -0.61% for the day. The stock had closed at $40.69 on the previous day. The total traded volume was 541,183 shares.

In a related news, Benton William G, director of Tanger Factory Outlet Centers Inc, unloaded 1,500 shares at an average price of $40.58 on August 4, 2016. The total amount of the transaction was worth $60,870, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The Company has interests in nine outlet centers totaling approximately 2.6 million square feet, including four outlet centers in Canada. The outlet centers and other assets are held by, and all of the Companys operations are conducted by, Tanger Properties Limited Partnership and subsidiaries. The Company owns the units of partnership interest issued by the Operating Partnership, through its two wholly owned subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner. Tanger LP Trust holds a limited partnership interest. Its outlet centers range in size from 24,619 to 749,074 square feet and are located at least ten miles from department stores and manufacturer-owned retail stores.

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