Cleveland-Cliffs Inc. CLF was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 23.5% in the past one-month time frame.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Cleveland-Cliffs currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Cleveland-Cliffs Inc. Price
Cleveland-Cliffs Inc. price | Cleveland-Cliffs Inc. Quote
Investors interested in the Mining - Miscellaneous industry may consider a better-ranked stock like Materion Corporation MTRN, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CLF going up? Or down? Predict to see what others think:Up or Down
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Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
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