The CEO of Tanger Factory (NYSE: SKT) is Buying Shares

By Carrie Williams

Today, the CEO of Tanger Factory (SKTResearch Report), Steven Tanger, bought shares of SKT for $144.7K.

This is Tanger’s first Buy trade following 4 Sell transactions. In addition to Steven Tanger, one other SKT executive reported Buy trades in the last month.

See today’s analyst top recommended stocks >>

The company has a one-year high of $24.73 and a one-year low of $14.24. SKT’s market cap is $1.37B and the company has a P/E ratio of 18.41.

The insider sentiment on Tanger Factory has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.