The Insider Activity Report For The Macerich Company (MAC): Who’s Selling?


The Macerich Company (NYSE:MAC) finished Wednesday with a subtraction of -$0.01 to close at $8.78, a downside of -0.11 percent. An average of 2,415,200 shares of common stock have been traded in the last five days. There was a fall of -$0.50 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,969,365 shares traded, while the 50-day average volume stands at 1,969,548.

MAC stock has decreased by -13.67% in the last month. The company shares reached their 1-month lowest point of $8.63 on 09/20/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $8.42 and a high of $22.88 in 52 weeks. It has reached a new high 3 times so far this year and lost -49.19% or -$8.50 in price. In spite of this, the price is down -61.63% from the 52-week high.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.


Insider Transactions

2 days have passed since The Macerich Company (MAC) last reported insider trading activity. Zecchini Christopher J, who is Chief Accounting Officer, most recently acquired $2,000 shares at $8.74 per share on Sep 20. In this transaction, the insider spent $17,484. Chief Accounting Officer, Zecchini Christopher J, disposed of 3,000 shares at a price of $18.15 on Sep 27. The insider now owns more than $54,459 worth of shares. Prior to that, Director SOBOROFF STEVEN L went on to Sale 20,000 shares at $17.72 each on Sep 22. An amount of $354,346 was transacted.

Valuation Metrics

The Macerich Company (MAC) has a trailing price-to-earnings (P/E) ratio of 51.05. The stock’s beta is 2.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.17, the price-to-book (PB) ratio at 0.64, and the price-to-cash flow ratio at 16.13.

The company has a payout ratio of 349.40%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its latest decrease dividend $0.35 reported on Friday July 24 2020.

Financial Health

Further, the company has a long term debt to equity ratio of 1.56 and a total debt to equity ratio of 1.56 for the quarter ending June 29. Its gross profit as reported stood at $125.37 million compared to revenue of $847.44 million.

Earnings Surprise

For the three-month period that ended June 29, The Macerich Company had $4.36 billion in total debt. The analyst consensus anticipated The Macerich Company’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.07, a -40.00% surprise. For the quarter, EBITDA amounted to $108.94 million. At the end of the quarter ending June 29, The Macerich Company’s stock balance sheet showed total debt was $4.66 billion. Shareholders own equity worth $214.78 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Macerich Company (MAC) price momentum. RSI 9-day as of the close on 21 September was 26.54%, suggesting the stock is oversold, with historical volatility in this time frame at 36.63%.

As of today, MAC’s price is $8.94 -5.39% or -$0.50 from its 5-day moving average. MAC is currently trading -12.90% lower than its 20-day SMA and -33.18% lower than its 100-day SMA. However, the stock’s current price level is -3.30% below the SMA50 and -51.49% below the SMA200.

The stochastic %K and %D were 11.84% and 12.81%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 10.07% and the average true range at 0.36, the RSI (14) stands at 31.91%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.46.

Analyst Ratings

Piper Sandler downgraded The Macerich Company (NYSE: MAC) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for The Macerich Company (MAC) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell MAC, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is MAC’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $20.00, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for The Macerich Company (MAC) stock is $12.00.


Please enter your comment!
Please enter your name here