The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Macerich Co shares valued at $1,303,121 were sold by Stephen Andrea M on Dec 26 ’24. At $20.59 per share, Stephen Andrea M sold 63,289 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, O’Hern Living Trust U/A/D 11-2 purchased 57,200 shares, netting a total of over 1,115,400 in proceeds.
Before that, Volk Kenneth had added 5,000 shares to its account. In a trade valued at $77,025, the EVP, Business Development bought Macerich Co shares for $15.40 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.05 million.
As published in a research note from Jefferies on January 02, 2025, Macerich Co [MAC] has been rated up from a Hold to a Buy and the price target has been revised to $23 from $19. Analysts at Scotiabank upgraded the stock from ‘”a Sector underperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid December. As of December 17, 2024, Deutsche Bank has initiated its “Hold” rating for MAC. Earlier on December 04, 2024, Mizuho upgraded its rating. Their new recommendation was “a Neutral” for MAC stock which previously was a “an Underperform”.
Analyzing MAC Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Macerich Co shares have jumped approximately 1.61%. Shares of the company reached a 52-week high of $20.39 on 01/02/25 and a 52-week low of $19.96 on 01/02/25. A 50-day SMA is recorded $19.96, while a 200-day SMA reached $16.89. Nevertheless, trading volume fell to 1.37 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Macerich Co (MAC)
According to the 24-hour chart, there is a support level at 20.00, which, if violated, would cause prices to drop to 19.77. In the upper region, resistance lies at 20.43. The next price resistance is at 20.63. RSI (Relative Strength Index) is 48.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 73.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
