Director Stephen Andrea M sells entire 63,289-share stake in MAC at $20.59; stock unprofitable ($-108.2M net income).
Stephen Andrea M, a Director, liquidated his entire position of 63,289 shares at $20.59 on 2024-12-26, reducing his holdings by 100.0% and generating $1,303,120.51 in proceeds. This complete exit occurs against a backdrop of material financial stress: the company reported net income of $-108,189,000.00 over its most recent full fiscal year while the stock trades at a P/E of 57.03, indicating negative earnings. The sale price of $20.59 sits 9.7% below the 52-week high of $22.11, though the stock has risen 11.4% over the past 90 days and is down 5.9% in the last 30 days. The full divestiture of a director's entire stake warrants investor attention given the company's unprofitable status and elevated valuation multiple.