I think SHORTS have got a number on this stock. It keeps going down in up or down market and no matter what the IO price is. CLF has NO stability..absolutely none, Hope the Q-1 earnings are good and rescue the stock price. CLF is the Worst performing and very heavily shorted stock in S & P 500.
"heavily shorted" may be the key to Cliffs stock price turning around. If we can get just a neutral earnings report and decent guidance, Cliffs will bottom and shorts will begin covering. The news doesn't even have to be very favorable. It just has to show an end to the unfavorable news of the past year.