Tanger Factory Outlet Centers Inc. (SKT) is Trading Lower on Unusual Volume for December 21

Equities Staff |

Tanger Factory Outlet Centers Inc. (SKT) experienced unusually high volume on Dec. 21, as the stock lost 1.08% to a closing price of $32.93. The stock saw 1.51 million shares trade hands over the course of the day on 8,511 trades. Given that the stock’s average daily volume over the last month has been 878,747 shares a day, this represents a pretty substantial spike over the norm.

Tanger Factory Outlet Centers Inc. has a P/B ratio of 6.14. It also has a P/E ratio of 26.1. The stock has traded between $40.80 and $30.30 over the last 52-weeks, its 50-day SMA is now $34.01, and its 200-day SMA $33.21.

Tanger Factory Outlet Centers Inc, along with its subsidiaries owns and operates outlet centers in the United States & Canada. It is a self-administered and self-managed REIT. It also develops, acquires, owns, & manages outlet shopping centers.

Headquartered in Greensboro, NC, Tanger Factory Outlet Centers Inc. has 625 employees and is currently under the leadership of CEO Steven B. Tanger.

For a complete fundamental analysis analysis of Tanger Factory Outlet Centers Inc., check out Equities.com’s Stock Valuation Analysis report for SKT. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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