$MAC.US Ranked Positive On May 9th, 2024

Smart Insider $MAC.US Ranked Positive On May 9th, 2024

$MAC.US Ranked Positive On May 9th, 2024

Macerich Co (MAC US, +1, 09-May-24)

Three officers bought in total US$ 2.2 million worth of stock from May 6th – 8th at an average price of $14.35. 

Jackson Hsieh (Chief Executive Officer since 2024) made a large first purchase of $2 million. Before joining the company he served as President & CEO of Spirit Realty Capital, Inc. until its merger with Realty Income Corp (O) in January 2024. 

Doug Healey (SEVP, Head of Leasing since 2020, joined 2005) bought $114,000 worth of stock at $15.20, increasing his holding by 11%. He last bought the stock at $8.92 in September 2022. 

Ann Menard (Chief Legal Officer & Co-Secretary since 2018) bought $75,000 worth of stock at $15.41, increasing her holding by 31%. Her last buy was at $8.94 in September 2022. It’s interesting to see significant investment from the newly appointed CEO supported by long-term officers, who are buying in decent size, and paying their highest price. 

Both recent sellers, Thomas O’Hern and Edward Coppola, are not standing for re-election at the AGM on May 30th. The company reported earnings results on April 30th. 

We are ranking the stock +1.

If you want to have Stock of the Week with insider buying stocks information and analysis in your email, don’t forget to subscribe!
Follow us on LinkedIn and Twitter

Check our Signals Performance and if you want to know more about this Signals Service, please, email us at sales_admin@smartinsider.com or fill in the Contact Us form here.

If you are interested in our Stocks of the Week
those services may also be useful for you

Desktop
Service

Timely data delivery customised to every user, backed by analysis tools on our internal website

Signals
Data

We rank the stocks where transactions are most likely to indicate future share price performance

Shares
Buybacks

Studying buyback activity can give a clue to the fortunes of a company and help predict future share price movement

If you are a member of the media and would like to speak with a Smart Insider expert, please contact us press@smartinsider.com or call +44 203 405 3356

Scroll to Top