Large Outflow of Money Witnessed in Macerich Company (The)

Macerich Company (The) (NYSE:MAC) traded on a positive note gaining 0.09 points or 0.11% to be valued at $79.88 per share. Intraday, the shares aggregated $6.18 million in upticks but saw an exodus of $12.88 million in downticks. The net money flow was calculated to be $(-6.7) million with the final up/down ratio coming in at 0.48. The share price has seen a change of 1.54% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $7.49 million in downticks. The net money flow for the block exchange was disappointing at $(-7.49) Million.

Shares of The Macerich Company rose by 1.73% in the last five trading days and 9.93% for the last 4 weeks. The Macerich Company is up 1.06% in the last 3-month period. Year-to-Date the stock performance stands at 0.97%.

Currently 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 -15.07% . Institutional Investors own 97.98% of Macerich Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -3.06%. . On the companys insider trading activities, O Hern Thomas E, officer (Senior EVP, Treasurer & CFO) of Macerich Co, unloaded 5,000 shares at an average price of $79.03 on June 15, 2016. The total amount of the transaction was worth $395,150, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Macerich Company (The) (NYSE:MAC) rose 0.3% or 0.24 points on Friday and made its way into the gainers of the day. After trading began at $79.74 the stock was seen hitting $80.05 as a peak level and $78.87 as the lowest level. The stock ended up at $80.03. The daily volume was measured at 1,451,163 shares. The 52-week high of the share price is $86.29 and the 52-week low is $71.82. The company has a market cap of $11,884 million.

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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