Here is WallStreetBets' New Short Squeeze Target

The stock market was modestly higher on Thursday morning as it tries to rebound from recent declines, but Tanger Factory Outlet Centers (NYSE: SKT) is a major standout. Just a few minutes after the market's open, Tanger's stock price had climbed by as much as 25% and was still up by more than 15% as of this writing.

There isn't any company-specific news driving Tanger's stock price higher. But there's still a good explanation for today's move.

Image source: Getty Images.

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Source Fool.com