Mack-Cali Realty Corporation (CLI) Shares are Down -2.09%

Mack-Cali Realty Corporation (CLI) : During the past 4 weeks, traders have been relatively bearish on Mack-Cali Realty Corporation (CLI), hence the stock is down -4.04% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.25% relative to the S&P 500. The 4-week change in the price of the stock is -4.56% and the stock has fallen -2.09% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 1.59%.The 200 Day SMA reached 11.09%


Mack-Cali Realty Corporation (NYSE:CLI): The stock was completely flat for the day, closing at $27.22 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $27.33, the stock touched an intraday high of $27.51 and a low of $27.03. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $27.22. The total trading volume on Friday was 859,687.

Mack-Cali Realty Corporation (CLI) : 7 investment research analysts covering Mack-Cali Realty Corporation (CLI) have an average price target of $28.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $27 for the short term. Analysts expect the variance to be within $1.13 of the average price.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate, multi-family real estate and multi-family services. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. The Company holds interests in approximately 283 properties, consisting of around 264 commercial properties, totaling approximately 31.0 million square feet, leased to approximately 2,000 commercial tenants; around 19 multi-family rental properties containing 5,484 residential units, and developable land. The properties are located in seven states, primarily in the Northeast, and the District of Columbia.

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