Yesterday, the CEO of Macerich (MAC), Arthur Coppola, sold shares of MAC for $5.26M.
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MAC’s market cap is $6.89B and the company has a P/E ratio of 91.54. Currently, Macerich has an average volume of 3.82M.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $55.00, reflecting a 12.8% upside.
The insider sentiment on Macerich has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Arthur Coppola’s trades have generated a -11.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies.
