Obalon Therapeutics, Inc. (OBLN) Reaches $2.85 52 Week Low; Tanger Factory Outlet Centers, Inc. (SKT) Had 2 Bulls

May 13, 2018 - By Stephen Andrade

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Logo

The stock of Obalon Therapeutics, Inc. (NASDAQ:OBLN) hit a new 52-week low and has $2.76 target or 3.00% below today’s $2.85 share price. The 6 months bearish chart indicates high risk for the $50.01M company. The 1-year low was reported on May, 13 by Barchart.com. If the $2.76 price target is reached, the company will be worth $1.50 million less. The stock decreased 34.03% or $1.47 during the last trading session, reaching $2.85. About 591,521 shares traded or 711.93% up from the average. Obalon Therapeutics, Inc. (NASDAQ:OBLN) has 0.00% since May 13, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 10 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 3 Sell and 5 Hold. Therefore 20% are positive. Tanger Factory Outlet Centers had 39 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Hilliard Lyons on Thursday, February 11. The rating was downgraded by Evercore to “Underperform” on Thursday, February 15. The firm earned “Sell” rating on Tuesday, December 13 by Citigroup. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) earned “Buy” rating by Jefferies on Wednesday, January 4. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) earned “Hold” rating by Citigroup on Monday, June 12. The rating was upgraded by Bank of America on Thursday, November 9 to “Neutral”. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) earned “Buy” rating by Zacks on Tuesday, August 18. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has “Outperform” rating given on Wednesday, October 7 by RBC Capital Markets. The firm earned “Hold” rating on Friday, December 22 by Jefferies. Goldman Sachs upgraded the shares of SKT in report on Tuesday, December 8 to “Buy” rating. See Tanger Factory Outlet Centers, Inc. (NYSE:SKT) latest ratings:

02/05/2018 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Underweight Downgrade
15/02/2018 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade
22/12/2017 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The company has market cap of $2.05 billion. The firm invests in the real estate markets in United States. It currently has negative earnings. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers.

Since February 15, 2018, it had 0 buys, and 3 insider sales for $396,915 activity. 11,276 Tanger Factory Outlet Centers, Inc. (NYSE:SKT) shares with value of $254,274 were sold by McDonough Thomas E.. The insider Worsham Charles Allen sold 439 shares worth $9,850. SUMMERELL VIRGINIA R sold $132,791 worth of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) on Monday, February 26.

More notable recent Tanger Factory Outlet Centers, Inc. (NYSE:SKT) news were published by: Seekingalpha.com which released: “Tanger: The Bag Is Ripped” on May 02, 2018, also Seekingalpha.com with their article: “Tanger’s Strongest Sources Of Differentiation” published on April 16, 2018, Seekingalpha.com published: “Is The Tanger Bag Half-Empty Or Half-Full?” on May 03, 2018. More interesting news about Tanger Factory Outlet Centers, Inc. (NYSE:SKT) were released by: Investorplace.com and their article: “Automatic Data Processing Leads 5 Dividend Stocks Boosting Payouts” published on April 16, 2018 as well as Seekingalpha.com‘s news article titled: “Tanger Factory -7.5% after cutting guidance” with publication date: May 01, 2018.

Investors sentiment increased to 1.12 in Q4 2017. Its up 0.11, from 1.01 in 2017Q3. It is positive, as 36 investors sold Tanger Factory Outlet Centers, Inc. shares while 71 reduced holdings. 33 funds opened positions while 87 raised stakes. 98.16 million shares or 5.39% more from 93.14 million shares in 2017Q3 were reported. Independent Order Of Foresters holds 142,799 shares. Numeric Invsts Limited Liability holds 0.2% or 1.03M shares. Panagora Asset Management Inc reported 397,422 shares. Virginia Retirement Et Al has invested 0.01% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Ing Groep Nv reported 14,263 shares. Tarbox Family Office Inc invested 0% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Smith Salley invested in 0.72% or 152,661 shares. State Common Retirement Fund reported 0.01% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Strs Ohio holds 0.03% or 286,897 shares. Tci Wealth Advisors invested in 49 shares. Huntington Bancorporation reported 47 shares. Duff & Phelps Investment Mgmt holds 0.08% or 210,019 shares in its portfolio. Royal Savings Bank Of Canada has 118,381 shares for 0% of their portfolio. Utah Retirement stated it has 0.01% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Ny State Teachers Retirement holds 0.02% or 241,966 shares in its portfolio.

The stock decreased 2.12% or $0.45 during the last trading session, reaching $20.73. About 916,905 shares traded. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declined 31.59% since May 13, 2017 and is downtrending. It has underperformed by 43.14% the S&P500.

More notable recent Obalon Therapeutics, Inc. (NASDAQ:OBLN) news were published by: Globenewswire.com which released: “Obalon Announces First Quarter 2018 Financial Results” on May 10, 2018, also Seekingalpha.com with their article: “Obalon Therapeutics’ (OBLN) CEO Andrew Rasdal on Q1 2018 Results – Earnings Call Transcript” published on May 12, 2018, Nasdaq.com published: “Mid-Day Market Update: Trade Desk Surges on Upbeat Earnings; Stellar Biotechnologies Shares Drop” on May 11, 2018. More interesting news about Obalon Therapeutics, Inc. (NASDAQ:OBLN) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; NVIDIA Earnings Top Expectations” published on May 11, 2018 as well as Benzinga.com‘s news article titled: “38 Stocks Moving In Friday’s Mid-Day Session” with publication date: May 11, 2018.

Among 2 analysts covering Obalon Therapeutics (NASDAQ:OBLN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Obalon Therapeutics had 2 analyst reports since October 31, 2016 according to SRatingsIntel. The stock of Obalon Therapeutics, Inc. (NASDAQ:OBLN) has “Buy” rating given on Monday, October 31 by Stifel Nicolaus. UBS initiated the stock with “Buy” rating in Monday, October 31 report.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Institutional Positions Chart

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