Today, a Director at Mack-Cali Realty Corp (NYSE: CLI), Nathan Gantcher, bought shares of CLI for $515K.
Following this transaction Nathan Gantcher’s holding in the company was increased by 48.58% to a total of $1.57 million. In addition to Nathan Gantcher, 2 other CLI executives reported Buy trades in the last month.
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CLI’s market cap is $1.85B and the company has a P/E ratio of 51.53. Currently, Mack-Cali Realty Corp has an average volume of 685.9K.
Five different firms, including BTIG and Evercore ISI, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.36M worth of CLI shares and purchased $2.38M worth of CLI shares. The insider sentiment on Mack-Cali Realty Corp has been neutral according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Nathan Gantcher’s trades have generated a 11.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Mack-Cali Realty Corp. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and office flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate; Multi-Family Real Estate and Services; and Corporate and Other.
