The market has been high on Mack Cali Realty Corp (CLI) stock recently. CLI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CLI Stock Today?
Mack Cali Realty Corp (CLI) stock has risen 1.55% while the S&P 500 is lower by -1.4% as of 2:20 PM on Thursday, Feb 25. CLI has gained $0.24 from the previous closing price of $15.50 on volume of 696,765 shares. Over the past year the S&P 500 has risen 23.73% while CLI is lower by -22.99%. CLI lost -$1.99 per share in the over the last 12 months.
More About Mack Cali Realty Corp
Mack-Cali Realty Corp is a real estate investment trust that owns and operates office, flex, industrial, and multifamily properties in the Northeastern United States. The vast majority of the company's real estate portfolio is split between office buildings and flex facilities, which are buildings that combine warehouse and office space into one location. Mack-Cali primarily derives its revenue as rental income from tenants. The urban and suburban real estate markets of Jersey City, New Jersey; Newark, New Jersey; Westchester-Rockland, New York; and Bergen-Passaic, New Jersey generate most of the company's total revenue. Mack-Cali's largest tenants include a variety of financial, insurance, manufacturing, and legal services firms.