Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Macerich Co shares valued at $993,832 were purchased by Hsieh Jackson on Mar 04 ’25. At $17.75 per share, Hsieh Jackson acquired 56,000 shares. The insider’s holdings grew to 226,500 shares worth approximately $3.98 million following the completion of this transaction.
Also, Stephen Andrea M sold 63,289 shares, netting a total of over 1,303,121 in proceeds. Following the sale of shares at $20.59 each, the insider now holds 0 shares.
Before that, O’Hern Living Trust U/A/D 11-2 had added 57,200 shares to its account. In a trade valued at $1,115,400, the Thomas O’Hern TTEE O’Hern Liv bought Macerich Co shares for $19.50 each.
As published in a research note from Morgan Stanley on January 15, 2025, Macerich Co [MAC] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $20. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 17, 2024, Scotiabank has increased its “Sector underperform” rating to a “Sector perform” for MAC. Earlier on December 17, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for MAC stock.
Analyzing MAC Stock Performance
During the last five days, there has been a drop of approximately -3.98%. Over the course of the year, Macerich Co shares have dropped approximately -11.70%. Shares of the company reached a 52-week high of $21.12 on 01/30/25 and a 52-week low of $17.18 on 02/28/25. A 50-day SMA is recorded $20.00, while a 200-day SMA reached $17.75.
Support And Resistance Levels for Macerich Co (MAC)
According to the 24-hour chart, there is a support level at 17.36, which, if violated, would cause prices to drop to 17.13. In the upper region, resistance lies at 17.94. The next price resistance is at 18.30. RSI (Relative Strength Index) is 31.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.43, which suggests the price will decrease in the coming days. Percent R is at 89.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
