Tanger Factory Outlet Centers (SKT) Shares are Down -1.86%

Tanger Factory Outlet Centers (SKT) : During the past 4 weeks, traders have been relatively bearish on Tanger Factory Outlet Centers (SKT), hence the stock is down -3.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.03% relative to the S&P 500. The 4-week change in the price of the stock is -4.09% and the stock has fallen -1.86% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 3.07%.The 200 Day SMA reached 8.16%


Tanger Factory Outlet Centers (NYSE:SKT): The stock opened in the green at $39.27 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $39.38 and a low of $38.85 for the day. The stock did not find buyers even at the lows and closed at $38.96 recording a loss of -0.26%. 639,078 shares exchanged hands during the trading day. The stock had closed at $38.96 in the previous days trading.

Tanger Factory Outlet Centers (SKT) : The highest level Tanger Factory Outlet Centers (SKT) is projected to reach is $48 for the short term and the lowest estimate is at $38. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $42.4 and the possibility the share price can swing is $3.58.

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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