Macerich Company (The) (MAC) : During the past 4 weeks, traders have been relatively bearish on Macerich Company (The) (MAC), hence the stock is down -5.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.06% relative to the S&P 500. The 4-week change in the price of the stock is -4.62% and the stock has fallen -2.01% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.78% and the 50-Day Moving Average is 0.03%. Macerich Company (The) (NYSE:MAC): stock turned positive on Friday. Though the stock opened at $84.25, the bulls momentum made the stock top out at $85.48 level for the day. The stock recorded a low of $84.25 and closed the trading day at $84.48, in the green by 0.30%. The total traded volume for the day was 590,025. The stock had closed at $84.23 in the previous days trading.
The company Insiders own 3.54% of Macerich Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.87% . Institutional Investors own 96.18% of Macerich Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -3.24%. Also, Equity Analysts at the JP Morgan maintains the rating on Macerich Company (The) (NYSE:MAC). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $83 per share to $87 per share. The rating by the firm was issued on August 5, 2016.
The Macerich Company is a self-managed and self-administered real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company, through its partnership and ownership interests in the Macerich Partnership, L.P., has an ownership interest in 51 regional shopping centers and eight community/power shopping centers. These 59 regional and community/power shopping centers (which include any related office space) consist of approximately 55 million square feet of gross leasable area (GLA). The Centers primarily included 194 Anchors totaling approximately 28 million square feet of GLA and approximately 6,000 Mall Stores and Freestanding Stores totaling approximately 26 million square feet of GLA.