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

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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.


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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.

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