MAC Stock Summary and Trading Ideas (Macerich Company | NYSE:MAC)

The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 27 regional malls in its consolidated portfolio and 16 regional malls in its unconsolidated portfolio along with three power centers and seven other real estate assets. The company's total portfolio has 46.3 million square feet of gross leasable area and averaged $836 sales per square foot over the 12 months ended in December 2023.

Macerich Company trades on the NYSE stock market under the symbol MAC.

As of April 24, 2024, MAC stock price declined to $15.64 with 808,235 million shares trading.

MAC has a beta of 2.23, meaning it tends to be more sensitive to market movements. MAC has a correlation of 0.39 to the broad based SPY ETF.

MAC has a market cap of $3.37 billion. This is considered a Mid Cap stock.

In the last 3 years, MAC stock traded as high as $22.88 and as low as $7.40.

The top ETF exchange traded funds that MAC belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

MAC has outperformed the market in the last year with a return of +64.7%, while the SPY ETF gained +24.3%. However, in the most recent history, MAC shares have underperformed the stock market with its stock returning -2.9% in the last 3 month period and -4.6% for the last 2 week period, while SPY has returned +4.6% and -2.6%, respectively.

MAC support price is $15.78 and resistance is $16.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAC stock will trade within this expected range on the day.