Cleveland-Cliffs Inc’s recent filing unveils that its Director BALDWIN JOHN T acquired Company’s shares for reported $0.12 million on Aug 01 ’24. In the deal valued at $14.53 per share,8,000 shares were bought. As a result of this transaction, BALDWIN JOHN T now holds 129,227 shares worth roughly $1.8 million.
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Then, MICHAEL RALPH S III bought 20,000 shares, generating $294,800 in total proceeds. Upon buying the shares at $14.74, the Director now owns 199,519 shares.
Before that, BALDWIN JOHN T bought 7,500 shares. Cleveland-Cliffs Inc shares valued at $110,272 were divested by the Director at a price of $14.70 per share. As a result of the transaction, BALDWIN JOHN T now holds 121,227 shares, worth roughly $1.69 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 Friday, Cleveland-Cliffs Inc [NYSE:CLF] saw its stock fall -4.71% to $13.95. Over the last five days, the stock has lost -9.83%. Cleveland-Cliffs Inc shares have fallen nearly -31.68% since the year began. Nevertheless, the stocks have fallen -16.52% 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 08/02/24. SMA at 50 days reached $15.59, while 200 days put it at $18.08. A total of 11.41 million shares were traded, compared to the trading of 10.61 million shares in the previous session.
Levels Of Support And Resistance For CLF Stock
The 24-hour chart illustrates a support level at 13.71, which if violated will result in even more drops to 13.46. On the upside, there is a resistance level at 14.29. A further resistance level may holdings at 14.62. The Relative Strength Index (RSI) on the 14-day chart is 35.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.45%. Stochastics%K at 15.37% indicates the stock is a buying.
