SKT Stock: Tanger Factory Looks to Ride the r/WallStreetBets Rocket Ship The surge in SKT stock follows short squeeze speculation by hedge funds Mar 4, 2021, 8:18 am EDT March 4, 2021
GameStop (NYSE:
GME) rally on the popular Reddit forum shows no signs of stopping anytime soon. Thursday’s pre-market trading shows that
Tanger Factory Outlet Centers (NYSE:
SKT) could be in their sights. SKT stock is up more than 25% as of 7:30 a.m. Eastern.
Source: Ritu Manoj Jethani / Shutterstock.com
Over on the subreddit, SKT stock is an equity du jour, with one member decrying they “just had to buy” Tanger stock, while another outlined the “bullish” case as to why the retail center operator was an undervalued buy.