Recent exceptional negative changes in investment behavior have affected Cleveland-Cliffs Inc (NYSE: CLF): its shorter term price trend turned down, and the stock fell on very heavy volume.
Cleveland-Cliffs Inc (NYSE: CLF) suffers from notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Cleveland-Cliffs has a current Value Trend Rating of C (Low Neutral). 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 90 but a very low Power Rating of 0, and the Low Neutral Value Trend Rating results.
Recent Price Action
Cleveland-Cliffs Inc (NYSE: CLF) stock closed at $10.96 on 12/12/24 after a large decline of -6.9%. Moreover, trading volume in this decline was exceptionally high at 216% of normal. The stock has declined -11.9% during the last week and has been extremely weak relative to the market over the last nine months.
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