Macerich Company (The) (MAC) Shares are Down -2.35%

Macerich Company (The) (MAC) : During the past 4 weeks, traders have been relatively bearish on Macerich Company (The) (MAC), hence the stock is down -0.75% 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 -2.52% relative to the S&P 500. The 4-week change in the price of the stock is -1.28% and the stock has fallen -2.35% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.61% and the 50-Day Moving Average is 3.09%.The 200 Day SMA reached 1.94%


Macerich Company (The) (NYSE:MAC): After opening at $81.08, the stock dipped to an intraday low of $80.2 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $81.49 and the buying power remained strong till the end. The stock closed at $80.87 for the day, a gain of 0.46% for the day session. The total traded volume was 857,405. The stocks close on the previous trading day was $80.87.

Macerich Company (The) (MAC) : The most positive equity analysts on Macerich Company (The) (MAC) expects the shares to touch $94, whereas, the least positive believes that the stock will trade at $79 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $86.4 with an expected fluctuation of $4.14 from the mean.

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.

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