Bears Target Macerich (MAC)

Shares of The Macerich Company MAC are trading lower today, currently off 2.10% at $41.48. The stock is now sitting right on the 50-day moving average and struggling to hold the level. Options traders are betting on a break lower in the name with the June $40 put purchased over 2,300 times today; open interest on the line was only 755 contracts. This signals new, bearish positioning. The Macerich Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.