Macerich Co’s filing revealed that its Director Murphy Devin Ignatius acquired Company’s shares for reported $0.11 million on Mar 14 ’25. In the deal valued at $16.40 per share,7,000 shares were bought. As a result of this transaction, Murphy Devin Ignatius now holds 9,118 shares worth roughly $0.13 million.
Then, Hsieh Jackson bought 56,000 shares, generating $993,832 in total proceeds. Upon buying the shares at $17.75, the President and CEO now owns 226,500 shares.
Before that, Stephen Andrea M sold 63,289 shares. Macerich Co shares valued at $1,303,121 were divested by the Director at a price of $20.59 per share. As a result of the transaction, Stephen Andrea M now holds 0 shares, worth roughly $0.0.
Truist upgraded its Macerich Co [MAC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Equal-weight”. Jefferies also remained covering MAC and has increased its forecast on January 02, 2025 with a “Buy” recommendation from previously “Hold” rating. Scotiabank revised its rating on December 17, 2024. It rated MAC as “a Sector perform” which previously was an “a Sector underperform”.
Price Performance Review of MAC
On Tuesday, Macerich Co [NYSE:MAC] saw its stock jump 1.42% to $14.25. Over the last five days, the stock has gained 7.63%. Macerich Co shares have fallen nearly -28.46% since the year began. Nevertheless, the stocks have fallen -8.62% over the past one year. While a 52-week high of $22.27 was reached on 01/30/25, a 52-week low of $12.48 was recorded on 04/09/25. SMA at 50 days reached $17.75, while 200 days put it at $17.93.
Levels Of Support And Resistance For MAC Stock
The 24-hour chart illustrates a support level at 13.99, which if violated will result in even more drops to 13.74. On the upside, there is a resistance level at 14.46. A further resistance level may holdings at 14.68. The Relative Strength Index (RSI) on the 14-day chart is 37.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.58%. Stochastics %K at 29.18% 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 2025-03-31, dropping by -0.4 million shares to a total of 16.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 16.41 million shares. There was a decline of -2.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 17, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $22 price target.
