The Macerich Company (NYSE:MAC) has a beta of 1.99. The stock’s Relative Strength Index (RSI) is 50.41, with weekly volatility at 5.29% and ATR at 1.49. The MAC stock’s 52-week price range has touched low of $4.56 and a $25.99 high. Its shares traded higher over the last trading session, gaining 6.71% on 02/22/21. The shares fell to a low of $12.44 before closing at $13.36. Intraday shares traded counted 12.05 million, which was -44.09% lower than its 30-day average trading volume of 8.36M. MAC’s previous close was $12.52 while the outstanding shares total 149.63M.
Investors have identified the REIT – Retail company The Macerich Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.13 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 2.33 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MAC sounds very interesting.
Is the stock of MAC attractive?
In related news, 10% Owner, ONTARIO TEACHERS PENSION PLAN sold 24,562,964 shares of the company’s stock in a transaction that recorded on Jan 27. The sale was performed at an average price of 20.25, for a total value of 497,371,044. As the sale deal closes, the Vice Chair Emeritus, ANDERSON DANA K now sold 24,100 shares of the company’s stock, valued at 278,813. Also, President, COPPOLA EDWARD C bought 5,000 shares of the company’s stock in a deal that was recorded on Mar 31. The shares were price at an average price of 5.53 per share, with a total market value of 27,670. Following this completion of acquisition, the President, COPPOLA EDWARD C now holds 25,000 shares of the company’s stock, valued at 139,450. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
3 out of 17 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on The Macerich Company. 8 analysts has assigned a Sell rating on the MAC stock. The 12-month mean consensus price target for the company’s shares has been set at $11.79.