The market has been high on Tanger Factory Outlet Centers Inc. (SKT) stock recently. SKT gets a Bullish score from InvestorsObserver’s Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With SKT Stock Today?
Tanger Factory Outlet Centers Inc. (SKT) stock is trading at $11.12 as of 12:59 PM on Monday, Jan 11, a decline of -$0.44, or -3.81% from the previous closing price of $11.56. The stock has traded between $11.08 and $11.49 so far today. Volume today is less active than usual. So far 748,222 shares have traded compared to average volume of 2,234,026 shares.
More About Tanger Factory Outlet Centers Inc.
Tanger Factory Outlet Centers Inc is the owner and operator of outlet centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company operates approximately 32 outlet centers, with a total gross leasable area of approximately 12 million square feet, which holds over 2,400 stores with hundreds of store brands. Substantially most of the firm’s revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.