In a filing, Cleveland-Cliffs Inc revealed its Director MICHAEL RALPH S III acquired Company’s shares for reported $0.29 million on Jun 13 ’24. In the deal valued at $14.74 per share,20,000 shares were bought. As a result of this transaction, MICHAEL RALPH S III now holds 199,519 shares worth roughly $2.96 million.
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Then, BALDWIN JOHN T bought 7,500 shares, generating $110,272 in total proceeds. Upon buying the shares at $14.70, the Director now owns 121,227 shares.
Before that, Goncalves Celso L Jr bought 7,250 shares. Cleveland-Cliffs Inc shares valued at $108,641 were divested by the EVP, CFO at a price of $14.98 per share. As a result of the transaction, Goncalves Celso L Jr now holds 314,362 shares, worth roughly $4.67 million.
JP Morgan downgraded its Cleveland-Cliffs Inc [CLF] rating to a Neutral from a an Overweight in a research note published on June 11, 2024; the price target was decreased to $17 from $23. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Wolfe Research also remained covering CLF and has decreased its forecast on April 09, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Citigroup revised its rating on March 13, 2024. It rated CLF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CLF
On Monday, Cleveland-Cliffs Inc [NYSE:CLF] saw its stock fall -0.47% to $14.84. Over the last five days, the stock has lost -5.18%. Cleveland-Cliffs Inc shares have fallen nearly -27.33% since the year began. Nevertheless, the stocks have fallen -11.56% over the past one year. While a 52-week high of $22.97 was reached on 04/04/24, a 52-week low of $13.84 was recorded on 06/17/24. SMA at 50 days reached $17.94, while 200 days put it at $18.03. A total of 13.07 million shares were traded, compared to the trading of 11.48 million shares in the previous session.
Levels Of Support And Resistance For CLF Stock
The 24-hour chart illustrates a support level at 14.51, which if violated will result in even more drops to 14.17. On the upside, there is a resistance level at 15.09. A further resistance level may holdings at 15.33. The Relative Strength Index (RSI) on the 14-day chart is 21.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.95%. Stochastics %K at 12.75% indicates the stock is a buying.
