Macerich Company (The) (MAC) Dips 2.67%

Macerich Company (The) (MAC) Dips 2.67%

Among the S&P 500’s biggest fallers on Friday November 08 was Macerich Company (The) (MAC). The stock experienced a 2.67% decline to $27.74 with 1.81 million shares changing hands.

Macerich Company (The) started at an opening price of 28.46 and hit a high of $28.46 and a low of $27.63. Ultimately, the stock took a hit and finished the day at $0.76 per share. Macerich Company (The) trades an average of n/a shares a day out of a total 141.27 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Macerich Company (The) hit a high of $51.95 and a low of $26.87 over the last year.

The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 29 regional malls in its consolidated portfolio and 19 regional malls in its unconsolidated portfolio along with six power centers and six other real estate assets. The company’s total portfolio has 52.4 million square feet gross leasable area and averaged $692 sales per square foot for the past 12 months, with the consolidated portfolio averaging $601 sales per square foot and the unconsolidated portfolio averaging $818 sales per square foot.

With its headquarters located in Santa Monica, CA, Macerich Company (The) employs 718 people. After today’s trading, the company’s market cap has fallen to $3.92 billion, a P/S of n/a, a P/B of 1.45, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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