On 11/5/24, Cleveland-Cliffs Inc (NYSE: CLF) stock suffered a major decline of -11.4%, closing at $11.61. Moreover, this decline was accompanied by exceptionally high trading volume at 277% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -15.1% during the last week.
Current PriceTarget Research Rating
CLF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cleveland-Cliffs has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cleveland-Cliffs has a very high Appreciation Score of 87 but a very low Power Rating of 0, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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