Macerich Co. (NYSE: MAC) is 3.76% higher on its value in year-to-date trading and has touched a low of $8.90 and a high of $17.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAC stock was last observed hovering at around $15.67 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $16.01, the stock is 0.69% and -1.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 2.17% at the moment leaves the stock 17.52% off its SMA200. MAC registered 68.66% gain for a year compared to 6-month gain of 59.57%.
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The stock witnessed a -7.08% loss in the last 1 month and extending the period to 3 months gives it a -4.42%, and is 2.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.06% over the week and 3.00% over the month.
Macerich Co. (MAC) has around 655 employees, a market worth around $3.45B and $881.37M in sales. Profit margin for the company is -15.93%. Distance from 52-week low is 79.97% and -9.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.33%).
Macerich Co. quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $205.11M over the same period.The EPS is expected to grow by 89.31% this year, but quarterly earnings will post -4.60% year-over-year. Quarterly sales are estimated to shrink -4.50% in year-over-year returns.
Macerich Co. (MAC) Top Institutional Holders
The shares outstanding are 215.98M, and float is at 214.21M with Short Float at 5.64%.
Macerich Co. (MAC) Insider Activity
The most recent transaction is an insider sale by COPPOLA EDWARD C,the company’sDirector. SEC filings show that COPPOLA EDWARD C sold 75,000 shares of the company’s common stock on Mar 28 ’24 at a price of $17.19 per share for a total of $1.29 million. Following the sale, the insider now owns 0.56 million shares.
Macerich Co. disclosed in a document filed with the SEC on Mar 27 ’24 that COPPOLA EDWARD C (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $17.01 per share for $0.34 million. Following the transaction, the insider now directly holds 0.64 million shares of the MAC stock.
Still, SEC filings show that on Mar 20 ’24, O HERN THOMAS E (Director) disposed off 95,000 shares at an average price of $16.94 for $1.61 million. The insider now directly holds 102,900 shares of Macerich Co. (MAC).
