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 valuation, stating, "Sub 12$ today, I'm going back in baby!" This sentiment reflects a belief in the stock's potential to rebound, especially if tariffs positively impact the company's operations.
In another discussion on r/swingtrading, users have shared their experiences with CLF as a swing trade, noting its predictability and modest gains. One user commented, "CLF has been similar to PLUG in gains and 'predictability'," highlighting the stock's appeal for traders looking for consistent, albeit modest, returns. This aligns with the broader sentiment of using swing trading as a strategy to capitalize on short-term price movements without getting too caught up in long-term market trends.
As of the latest update, Cleveland-Cliffs Inc. (CLF) is trading at $11.765, reflecting a decrease of approximately 2.45% from the previous close.