Heavy Volume And Pre-Market Movement For Macerich (MAC)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Macerich ( MAC) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Macerich as such a stock due to the following factors:

  • MAC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $79.3 million.
  • MAC traded 115,682 shares today in the pre-market hours as of 8:12 AM, representing 11.3% of its average daily volume.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in MAC with the Ticky from Trade-Ideas. See the FREE profile for MAC NOW at Trade-Ideas

More details on MAC:

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The stock currently has a dividend yield of 3.2%. MAC has a PE ratio of 8. Currently there is 1 analyst that rates Macerich a buy, no analysts rate it a sell, and 14 rate it a hold.

The average volume for Macerich has been 1.7 million shares per day over the past 30 days. Macerich has a market cap of $12.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.74 and a short float of 3.4% with 3.92 days to cover. Shares are down 2.1% year-to-date as of the close of trading on Wednesday.

If you liked this article you might like

It's Bizarre That Billionaire Warren Buffett Is Kinda Invested in Dying Sears

Zombieland No More -- These New Retailers Are Invading Dying Malls

5 Stocks to Short for the Coming Bear Market

Why Analysts Are Not Your Friends

10 High-Yield Blue-Chips Trading Near 52-Week Lows