Social media interest fuels jump in Tanger Factory | Business
Tanger and fellow shopping center REIT Macerich Co were swept up in a rally among "meme stocks" in late January that also saw an unprecedented short squeeze in videogame retailer GameStop Corp. A short squeeze is a phenomenon where investors betting against a company's shares are forced to unwind their positions after a rally in the stock price, leading to the stock sharply rising further in value.
Social media interest fuels jump in Tanger Factory | Business
Tanger and fellow shopping center REIT Macerich Co were swept up in a rally among "meme stocks" in late January that also saw an unprecedented short squeeze in videogame retailer GameStop Corp. A short squeeze is a phenomenon where investors betting against a company's shares are forced to unwind their positions after a rally in the stock price, leading to the stock sharply rising further in value.