Today, a Director at Mack-Cali Realty Corp (NYSE: CLI), Nathan Gantcher, bought shares of CLI for $493K.
Following this transaction Nathan Gantcher’s holding in the company was increased by 100% to a total of $492.3K. This is Gantcher’s first Buy trade following 3 Sell transactions.
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CLI’s market cap is $1.79B and the company has a P/E ratio of 49.55. Currently, Mack-Cali Realty Corp has an average volume of 1.23M.
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 $1.87M 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 higher than the average sentiment of company insiders in this sector.
Nathan Gantcher’s trades have generated a 14.6% 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.
