Cleveland-Cliffs Jumps on Support From Meme Stock Traders [Yahoo! Finance News]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: Yahoo! Finance News
Shares of Cleveland-Cliffs Inc.(CLFGet ReportCleveland-Cliffs shares experienced more than four times their normal trading volume, rising 14.6% to $23.22 on Wednesday. Trading in the company's call options was five times the average, according to Bloomberg.A forum on Reddit channel WallStreetBets claims the company is being shorted and that it is undervalued at a time when steel prices are rising and there are long wait times for big steel orders due to shortages.The price of steel has jumped in recent months, trading at nearly triple its 20-year average.Read More:Why Jim Cramer Likes Cleveland-Cliffs Amid Inflation WorriesIn April, the company swung to a first quarter profit after reporting a tenfold increase in revenue.Cleveland-Cliffs earned $41 million, or 7 cents a share, in the quarter compared with a loss of $52 million, or 18 cents a share, in the year-ago period. Revenue reached $4.05 billion from $359 million a year earlier.“Q1 was just the first full quarter for Cleveland-C
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News
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]Seeking Alpha
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website