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 $1.43 million.
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Then, Taylor Douglas C sold 36,000 shares, generating $535,223 in total proceeds. Upon selling the shares at $14.87, the Director now owns 100,536 shares.
Before that, MICHAEL RALPH S III bought 20,000 shares. Cleveland-Cliffs Inc shares valued at $294,800 were divested by the Director at a price of $14.74 per share. As a result of the transaction, MICHAEL RALPH S III now holds 199,519 shares, worth roughly $2.2 million.
Seaport Research Partners upgraded its Cleveland-Cliffs Inc [CLF] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid June from “an Overweight” to “a Neutral”. Jefferies began covering CLF with “Buy” recommendation on May 20, 2024. Wolfe Research revised its rating on April 09, 2024. It rated CLF as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of CLF
On Friday, Cleveland-Cliffs Inc [NYSE:CLF] saw its stock fall -3.66% to $11.04. Over the last five days, the stock has lost -14.22%. Cleveland-Cliffs Inc shares have fallen nearly -45.94% since the year began. Nevertheless, the stocks have fallen -35.14% over the past one year. While a 52-week high of $22.97 was reached on 04/04/24, a 52-week low of $10.21 was recorded on 09/11/24. SMA at 50 days reached $12.60, while 200 days put it at $16.17.
Levels Of Support And Resistance For CLF Stock
The 24-hour chart illustrates a support level at 10.80, which if violated will result in even more drops to 10.56. On the upside, there is a resistance level at 11.44. A further resistance level may holdings at 11.84. The Relative Strength Index (RSI) on the 14-day chart is 36.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.63%. Stochastics %K at 7.58% indicates the stock is a buying.
How much short interest is there in Cleveland-Cliffs Inc?
A steep rise in short interest was recorded in Cleveland-Cliffs Inc stocks on 2024-10-31, dropping by -6.63 million shares to a total of 41.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 48.12 million shares. There was a decline of -15.97%, which implies that there is a negative sentiment for the stock.
