Cleveland-Cliffs Inc’s recently made public that its Director Bloom Ron A. unloaded Company’s shares for reported $18283.0 on Nov 20 ’24. In the deal valued at $11.77 per share,1,554 shares were sold. As a result of this transaction, Bloom Ron A. now holds 64,024 shares worth roughly $0.63 million.
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Then, BALDWIN JOHN T bought 8,000 shares, generating $116,240 in total proceeds. Upon buying the shares at $14.53, the Director now owns 129,227 shares.
Before that, Taylor Douglas C sold 36,000 shares. Cleveland-Cliffs Inc shares valued at $535,223 were divested by the Director at a price of $14.87 per share. As a result of the transaction, Taylor Douglas C now holds 100,536 shares, worth roughly $0.99 million.
Goldman initiated its Cleveland-Cliffs Inc [CLF] rating to a Buy in a research note published on December 02, 2024; the price target was $16. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. JP Morgan also remained covering CLF and has decreased its forecast on June 11, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies started covering the stock on May 20, 2024. It rated CLF as “a Buy”.
Price Performance Review of CLF
On Tuesday, Cleveland-Cliffs Inc [NYSE:CLF] saw its stock fall -0.60% to $9.89. Over the last five days, the stock has lost -19.07%. Cleveland-Cliffs Inc shares have fallen nearly -51.57% since the year began. Nevertheless, the stocks have fallen -47.11% over the past one year. While a 52-week high of $22.97 was reached on 04/04/24, a 52-week low of $9.90 was recorded on 12/17/24. SMA at 50 days reached $12.44, while 200 days put it at $15.30.
Levels Of Support And Resistance For CLF Stock
The 24-hour chart illustrates a support level at 9.67, which if violated will result in even more drops to 9.46. On the upside, there is a resistance level at 10.05. A further resistance level may holdings at 10.22. The Relative Strength Index (RSI) on the 14-day chart is 30.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.50%. Stochastics %K at 3.33% 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 2024-11-29, growing by 2.68 million shares to a total of 44.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 41.49 million shares. There was a rise of 6.06%, which implies that there is a positive sentiment for the stock.
