Macerich (MAC) Moves 6.8% Higher: Will This Strength Last?

Macerich (MAC) shares rallied 6.8% in the last trading session to close at $17.9. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.4% loss over the past four weeks.The increased investor optimism in the stock can be attributed to B of A Securities’ news of upgrading the Macerich’s stock rating from "neutral" to "buy”.This shopping center real estate investment trust is expected to post quarterly funds from o ...