Macerich Company (The) (MAC) : $11.89 million worth of transactions were on upticks in Macerich Company (The) (MAC), compared to $6.37 million on downticks. The ratio between the two was 1.87, whereas, the net money flow stood at a healthy $5.51 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $5.35million worth of trades. The total money flow into the stock stood at $5.35 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.01%. The stock was trading at $82.03, with a drop of $0.01 over the previous days close. The stock recorded -0.95% for the week.
Shares of The Macerich Company appreciated by 0.97% during the last five trading days but lost 0.82% on a 4-week basis. The Macerich Company has dropped 1.46% during the last 3-month period . Year-to-Date the stock performance stands at 4.35%.
Macerich Company (The) (MAC) : Zacks Investment Research ranks Macerich Company (The) (MAC) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.92, which indicates as a Hold.
Macerich Company (The) (NYSE:MAC): stock was range-bound between the intraday low of $81.47 and the intraday high of $82.49 after having opened at $82.01 on Wednesdays session. The stock finally closed in the red at $82.01, a loss of -0.01%. The stock remained in the red for the whole trading day. The total traded volume was 554,957 shares. The stock failed to cross $82.49 in Wednesdays trading. The stocks closing price on Thursday was $82.04.
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.