In a filing, Macerich Co revealed its President and CEO Hsieh Jackson acquired Company’s shares for reported $0.99 million on Mar 04 ’25. In the deal valued at $17.75 per share,56,000 shares were bought. As a result of this transaction, Hsieh Jackson now holds 226,500 shares worth roughly $3.7 million.
Then, Stephen Andrea M sold 63,289 shares, generating $1,303,121 in total proceeds. Upon selling the shares at $20.59, the Director now owns 0 shares.
Before that, O’Hern Living Trust U/A/D 11-2 bought 57,200 shares. Macerich Co shares valued at $1,115,400 were divested by the Thomas O’Hern TTEE O’Hern Liv at a price of $19.50 per share.
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 2.77% to $16.32. Over the last five days, the stock has lost -8.26%. Macerich Co shares have fallen nearly -18.07% since the year began. Nevertheless, the stocks have risen 3.49% over the past one year. While a 52-week high of $22.27 was reached on 01/30/25, a 52-week low of $12.60 was recorded on 03/11/25. SMA at 50 days reached $19.77, while 200 days put it at $17.77.
Levels Of Support And Resistance For MAC Stock
The 24-hour chart illustrates a support level at 15.87, which if violated will result in even more drops to 15.42. On the upside, there is a resistance level at 16.61. A further resistance level may holdings at 16.89. The Relative Strength Index (RSI) on the 14-day chart is 28.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.65%. Stochastics %K at 7.39% indicates the stock is a buying.
