Clipper Realty Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Clipper Realty, Inc. is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company's segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.

Price
Delayed
$8.21
Day's Change
0.155 (1.93%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.21
Day's Low
8.07
Volume
(Light)

Today's volume of 14,366 shares is on pace to be much lighter than CLPR's 10-day average volume of 82,968 shares.

14,366

Facebook, Google and Microsoft stocks reach records as Big Tech bounces back

4:24 pm ET April 5, 2021 (MarketWatch)
Print

By Jon Swartz

Tech stalwarts HP and Oracle, as well as large semiconductor-equipment companies, also close at record highs in strong day for tech stocks

Big Tech may be under siege, but its stocks are overperforming.

Shares of Facebook Inc. (FB), Google parent Alphabet Inc. (GOOGL)(GOOGL) and Microsoft Corp. (MSFT) closed at record highs Monday, cresting a wave of strong U.S. job growth last month despite a wave of criticism over their outsize influence on the economy and in the lives of Americans. The tech-heavy Nasdaq Composite Index rose 1.7%, pushing other tech names to record heights, including Oracle Corp. (ORCL), HP Inc. (HPQ) and large semiconductor-equipment suppliers.

Facebook climbed 3.4% to $308.91 a share, as the social-networking giant continued to flourish despite lawsuits from the Federal Trade Commission and 48 state attorneys general alleging anticompetitive business practices as well as warnings from its own chief financial officer of a slowdown in digital advertising, its lifeblood. The closing price shattered Facebook's previous record close of $303.91 on Aug. 26, 2020.

On Saturday, a member of a low-level hacking forum published the phone numbers and personal data of 533 million Facebook users (https://www.marketwatch.com/story/533-million-facebook-users-phone-numbers-and-personal-data-reported-leaked-online-11617475820), just the latest in a string of controversies for the social-networking company. But it seems to matter little. Indeed, Facebook's advertising prices are up 30% over their 2020 levels as of mid-March, according to research from marketing agency Aisle Rocket.

Alphabet, the subject of a Justice Department lawsuit as well as two state AG suits, surged 4% to close at $2,218.96. The company benefited, in part, from its victory in the U.S. Supreme Court over Oracle in a long-running copyright dispute over the software used in Android.

For more: Supreme Court sides with Google in $8 billion copyright dispute with Oracle (https://www.marketwatch.com/story/supreme-court-sides-with-google-in-8-billion-copyright-dispute-with-oracle-01617633750)

Facebook and Alphabet face a raft of litigation and legislation to rein in their considerable clout, but their stock trajectories have remained intact.

Facebook Chief Executive Mark Zuckerberg has become tech's lightning rod for data-collection practices, privacy policies, and microtargeting of consumers. Zuckerberg, Alphabet CEO Sundar Pichai, and Twitter Inc. (TWTR) CEO Jack Dorsey each received yet another tongue lashing from House members about the spread of misinformation on their sprawling digital platforms.

Members of Congress have vowed to pass legislation that curtails their ability to scoop up would-be competitors, as Facebook did with Instagram and WhatsApp, as well as protect consumers. House committee member Jan Schakowsky (D., Ill.) has introduced a bill to combat the online sale of stolen, counterfeit, and dangerous consumer products by requiring verification of third-party sellers on online retail marketplaces (https://schakowsky.house.gov/media/press-releases/schakowsky-introduces-legislation-protect-consumers-online).

Microsoft, which has skirted antitrust scrutiny and positioned itself as a White Knight during the Big Tech backlash, improved 2.8% to $249.07.

The trio of tech giants weren't alone. More than a dozen tech stalwarts -- including Oracle, HP, Texas Instruments Inc. (TXN) and three large chip-equipment suppliers, Lam Research Corp. (LRCX), Applied Materials Inc. (AMAT) and KLA Corp. (KLAC) -- hit intraday stock price highs Monday, according to Dow Jones market data research. Oracle, Texas Instruments, Lam Research, Applied Materials, KLA, and HP all closed at record highs.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 05, 2021 16:24 ET (20:24 GMT)

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