CLF’s latest rating updates from top analysts.

In a filing, Cleveland-Cliffs Inc revealed its Director MICHAEL RALPH S III acquired Company’s shares for reported $0.15 million on May 02. In the deal valued at $14.96 per share,10,000 shares were bought. As a result of this transaction, MICHAEL RALPH S III now holds 171,840 shares worth roughly $3.46 million.

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Then, Goncalves Celso L Jr bought 6,500 shares, generating $98,697 in total proceeds. Upon buying the shares at $15.18, the EVP, CFO now owns 237,727 shares.

Before that, Yocum Arlene M bought 1,500 shares. Cleveland-Cliffs Inc shares valued at $22,703 were divested by the Director at a price of $15.14 per share. As a result of the transaction, Yocum Arlene M now holds 83,454 shares, worth roughly $1.68 million.

Price Performance Review of CLF

On Tuesday, Cleveland-Cliffs Inc [NYSE:CLF] saw its stock jump 6.56% to $20.13. Over the last five days, the stock has gained 11.52%. Cleveland-Cliffs Inc shares have fallen nearly -1.42% since the year began. Nevertheless, the stocks have fallen -6.89% over the past one year. While a 52-week high of $22.83 was reached on 01/02/24, a 52-week low of $13.61 was recorded on 01/19/24. SMA at 50 days reached $18.52, while 200 days put it at $16.38. A total of 18.92 million shares were traded, compared to the trading of 11.01 million shares in the previous session.

Levels Of Support And Resistance For CLF Stock

The 24-hour chart illustrates a support level at 18.85, which if violated will result in even more drops to 17.57. On the upside, there is a resistance level at 20.82. A further resistance level may holdings at 21.51. The Relative Strength Index (RSI) on the 14-day chart is 67.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.61%. Stochastics %K at 77.43% indicates the stock is a holding.

How much short interest is there in Cleveland-Cliffs Inc?

A steep rise in short interest was recorded in Cleveland-Cliffs Inc stocks on Jan 11, 2024, dropping by -13.29 million shares to a total of 27.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 40.66 million shares. There was a decline of -48.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.52.

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