Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cleveland-Cliffs Inc shares valued at $34,800 were purchased by BALDWIN JOHN T on Mar 10 ’25. At $8.70 per share, BALDWIN JOHN T acquired 4,000 shares. The insider’s holdings grew to 133,227 shares worth approximately $1.16 million following the completion of this transaction.
Also, Koci Keith purchased 9,500 shares, netting a total of over 102,742 in proceeds. Following the buying of shares at $10.81 each, the insider now holds 543,475 shares.
Before that, CRONIN JANE M. had added 10,000 shares to its account. In a trade valued at $105,606, the Director bought Cleveland-Cliffs Inc shares for $10.56 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.21 million.
As published in their initiating research note from Goldman on December 02, 2024, Cleveland-Cliffs Inc [CLF] has been a Buy and the price target has been revised to $16. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of June 11, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CLF. Earlier on May 20, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for CLF stock.
Analyzing CLF Stock Performance
During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, Cleveland-Cliffs Inc shares have dropped approximately -7.13%. Shares of the company reached a 52-week high of $12.26 on 02/11/25 and a 52-week low of $7.85 on 04/01/25. A 50-day SMA is recorded $10.12, while a 200-day SMA reached $12.08.
Support And Resistance Levels for Cleveland-Cliffs Inc (CLF)
According to the 24-hour chart, there is a support level at 8.16, which, if violated, would cause prices to drop to 7.58. In the upper region, resistance lies at 9.04. The next price resistance is at 9.34. RSI (Relative Strength Index) is 41.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 67.16%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
