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Macerich (MAC) Catches Eye: Stock Jumps 8.4%
The Macerich Company (MAC - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now up 3.2% in the past one-month time frame.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Macerich currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Macerich Company (The) Price
Macerich Company (The) Price | Macerich Company (The) Quote
A better-ranked stock in the REIT and Equity Trust - Retail industry is Cedar Realty Trust, Inc. , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MAC going up? Or down? Predict to see what others think:Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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