In a filing, Macerich Co revealed its Director Stephen Andrea M unloaded Company’s shares for reported $1.3 million on Dec 26 ’24. In the deal valued at $20.59 per share,63,289 shares were sold. As a result of this transaction, Stephen Andrea M now holds 0 shares worth roughly $0.0.
Then, O’Hern Living Trust U/A/D 11-2 bought 57,200 shares, generating $1,115,400 in total proceeds.
Before that, Volk Kenneth bought 5,000 shares. Macerich Co shares valued at $77,025 were divested by the EVP, Business Development at a price of $15.40 per share. As a result of the transaction, Volk Kenneth now holds 51,924 shares, worth roughly $1.05 million.
Morgan Stanley upgraded its Macerich Co [MAC] rating to an Equal-weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Scotiabank also remained covering MAC and has increased its forecast on December 17, 2024 with a “Sector perform” recommendation from previously “Sector underperform” rating. Deutsche Bank started covering the stock on December 17, 2024. It rated MAC as “a Hold”.
Price Performance Review of MAC
On Tuesday, Macerich Co [NYSE:MAC] saw its stock jump 1.97% to $20.19. Over the last five days, the stock has gained 4.18%. Macerich Co shares have risen nearly 1.36% since the year began. Nevertheless, the stocks have risen 32.22% over the past one year. While a 52-week high of $22.27 was reached on 01/06/25, a 52-week low of $12.99 was recorded on 01/13/25. SMA at 50 days reached $20.27, while 200 days put it at $17.06.
Levels Of Support And Resistance For MAC Stock
The 24-hour chart illustrates a support level at 19.97, which if violated will result in even more drops to 19.74. On the upside, there is a resistance level at 20.32. A further resistance level may holdings at 20.44. The Relative Strength Index (RSI) on the 14-day chart is 51.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.78%. Stochastics %K at 56.17% indicates the stock is a holding.
How much short interest is there in Macerich Co?
A steep rise in short interest was recorded in Macerich Co stocks on 2024-12-31, growing by 0.36 million shares to a total of 14.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.27 million shares. There was a rise of 2.45%, which implies that there is a positive sentiment for the stock.
