Cleveland-Cliffs shares are experiencing a significant decline on December 12th, as trading volume surges. The stock's movement comes amid a backdrop of increased institutional activity, with Janus Henderson Group PLC notably expanding its holdings in the company by 987% during the third quarter. This substantial increase in institutional ownership, however, has not been enough to buoy the stock price, whic
Cleveland-Cliffs Inc. (CLF) has been a topic of interest among Reddit users, despite the absence of specific news driving today's stock movement. On the subreddit r/Vitards, users are discussing the potential benefits of tariffs under the new administration, particularly in relation to Cleveland-Cliffs' recent acquisition of the Canadian company Stelco. One user expressed optimism about the stock's current
Cleveland-Cliffs Inc. (CLF) saw its stock decline by 3.57% on December 4, 2024, closing at $12.44, down from the previous day's close of $12.90. The stock opened at $12.85 and reached a low of $12.38 during the trading session. The downturn in CLF's stock price is largely attributed to broader challenges in the steel sector, particularly in Mexico, where the steel industry's GDP contracted by 44.8% in Q3 20
Cleveland-Cliffs Inc. (CLF) stock is experiencing a downturn today, influenced by broader challenges in the steel sector, particularly in Mexico. The Mexican steel industry's GDP contracted by a staggering 44.8% in the third quarter of 2024, marking the largest decline in the country's history. This contraction is attributed to a prolonged blockade at ArcelorMittal facilities, which significantly disrupted
Cleveland-Cliffs Inc. (CLF) has been a topic of discussion on Reddit forums, particularly in light of political developments that could impact the steel industry. With the incoming Trump presidency, some Reddit users are speculating about potential tariffs and the blocking of Nippon Steel's purchase of U.S. Steel, which could open opportunities for Cleveland-Cliffs to consolidate its position in the U.S. st
Cleveland-Cliffs Inc. (CLF) saw its stock rise by 3.05% to close at $12.83 on December 2, 2024, following a positive initiation of coverage by Goldman Sachs. The investment bank issued a Buy rating and set a price target of $16, citing a constructive view of the U.S. steel industry despite global oversupply concerns. This endorsement from Goldman Sachs, along with the Steel Manufacturers Association's call
Cleveland-Cliffs (CLF) stock is experiencing an uptick today following a positive outlook from Goldman Sachs, which initiated coverage with a Buy rating. This move by Goldman Sachs has sparked optimism in the broader U.S. steel industry, with Cleveland-Cliffs seeing a notable rise alongside peers like Commercial Metals and Nucor. The analyst, Mike Harris, highlighted a constructive view of the industry, sug
Cleveland-Cliffs Inc. (CLF) shares are experiencing an uptick today following a positive initiation by Goldman Sachs. The investment bank started coverage on Cleveland-Cliffs with a bullish outlook, which has likely contributed to the stock's upward momentum. This endorsement from a major financial institution can often lead to increased investor confidence and buying activity, as it suggests a favorable vi
Cleveland-Cliffs Inc. (CLF) is experiencing a rise in its stock price today, primarily driven by a positive initiation from Goldman Sachs. The investment bank initiated coverage on Cleveland-Cliffs with a bullish outlook, which has likely boosted investor confidence and contributed to the stock's upward movement. This endorsement from a major financial institution can often lead to increased interest and bu
Cleveland-Cliffs Inc. (CLF) is experiencing a notable uptick in its stock price today, driven by a positive outlook from Goldman Sachs. Early this morning, Goldman Sachs initiated coverage on Cleveland-Cliffs with a buy rating, citing potential benefits from President-elect Donald Trump's anticipated trade policies. Analyst Mike Harris highlighted that these policies could favor the U.S. steel industry, sug
Cleveland-Cliffs Inc. (CLF) shares are experiencing an uptick today, driven by positive market sentiment surrounding the company's strategic moves, including its recent acquisition of Stelco Holdings. This acquisition has positioned Cleveland-Cliffs as the largest flat-rolled steel producer in North America, enhancing its market presence and expertise. The company has projected robust demand for steel in 20
Cleveland-Cliffs Inc. (CLF) saw its stock decline by 3.52% on November 26, 2024, closing at $12.05, down from the previous close of $12.49. The stock opened at $12.54 and reached a high of $12.79 before dipping to a low of $11.96, with trading volume nearing its average at 13,542,260 shares. The decline was primarily driven by news that Fisher Asset Management LLC reduced its stake in the company by 11.1% d
Cleveland-Cliffs Inc. (CLF) shares are down 3.20% to $12.09 as of 2:12 pm on November 26th, compared to the previous close of $12.49. The decline comes amid news that Fisher Asset Management LLC has reduced its stake in the company by 11.1% during the third quarter, selling 679,302 shares. This reduction in institutional ownership may be contributing to the downward pressure on the stock.
Additionally, Cle
Cleveland-Cliffs Inc. (CLF) shares are up 2.27% to $11.70 as of 6:52 PM on November 20, 2024, following a technical breakout above a key resistance level. The stock's upward movement has sparked discussion among Reddit users, with sentiment appearing overwhelmingly positive. One user commented on the stock's performance, saying "CLF finally green in the AM. I'll wait for the first 45 minutes of the AM trade
Cleveland-Cliffs Inc. (CLF) shares are up 3.10% to $11.79 as of 2:55 pm on Wednesday, rising from the previous close of $11.44. The stock's upward movement today appears to be driven by technical trading signals. Analysts have identified a buy signal as the stock broke through a resistance level at $11.67, with an upside target of $12.12. This technical analysis suggests that the stock's current price actio
Cleveland-Cliffs Inc. (CLF) shares are down 3.32% to $11.08 as of 12:07 pm on Friday, following concerns over the future of decarbonization investments in the steel industry. The recent re-election of Donald Trump as President of the United States has raised doubts about the continuation of such investments, as he has expressed intentions to boost fossil-fuel production and potentially withdraw from the Par
Cleveland-Cliffs Inc. (CLF) shares are down 3.23% to $11.54 as of 3:43 pm on Thursday, following a reduction in earnings estimates by B. Riley analysts. On November 12th, B. Riley decreased their FY2026 EPS estimates for Cleveland-Cliffs from $2.30 to $2.02, reflecting concerns over the company's future profitability. This comes after Cleveland-Cliffs reported a quarterly loss of $0.33 per share on November
Cleveland-Cliffs (CLF) shares are trading slightly lower at $11.965 as of 2:12 PM on November 13, 2024, down 0.13% from the previous close. The stock is seeing muted trading activity following the release of October's inflation data, which came in line with expectations. Reddit discussions around CLF have been limited, with only one mention in the past 24 hours, reflecting a 100% positive sentiment. One fin
Citi maintains a "Neutral" rating on Cleveland Cliffs (CLF), with a target price of $12.50, reflecting a cautious outlook amid challenging market conditions. CLF closed at $11.98 on November 12, down 4.31% for the day. The report centers on the company's Q3 2024 results, highlighting a significant 32% y/y decline in auto revenues, which is a major concern given the weak auto builds impacting the second half
Cleveland-Cliffs Inc. (CLF) shares are down 3.05% to $12.14 as of 9:38 am on Tuesday, following a weak opening at $12.87. The decline comes amid a broader negative sentiment in the global steel market, as highlighted by recent industry reports. The International Rebar Producers and Exporters Association (IREPAS) noted a persistently gloomy outlook for the global longs market, which could be weighing on stee