What Did This CEO Just Do with Personal Shares of Mack-Cali Realty Corp (NYSE: CLI)?

By Carrie Williams

Today, the CEO of Mack-Cali Realty Corp (NYSE: CLI), Michael Demarco, sold shares of CLI for $1.36M.

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CLI’s market cap is $1.79B and the company has a P/E ratio of 50.03. Currently, Mack-Cali Realty Corp has an average volume of 866.9K.

Three different firms, including Barclays and J.P. Morgan, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $1.36M worth of CLI shares and purchased $1.37M worth of CLI shares.

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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.