Cleveland-Cliffs (CLF) stock rises slightly despite overall negative trend in past month.

From Nasdaq: 2024-12-30 18:15:20

In the latest market close, Cleveland-Cliffs (CLF) reached $9.30, with a +0.65% movement compared to the previous day, outperforming the S&P 500. The stock has dropped by 25.78% in the past month, falling short of the Basic Materials sector. Investors are eagerly awaiting the company’s upcoming earnings report, with projected declines in EPS and revenue.

Analysts are closely watching Cleveland-Cliffs for any changes in estimates, as these can impact short-term share price momentum. With a Zacks Rank of #5 (Strong Sell), the company has seen a 15.44% decrease in EPS estimate over the last 30 days. The Mining – Miscellaneous industry, to which Cleveland-Cliffs belongs, currently ranks in the bottom 41%.

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Read more at Nasdaq: Cleveland-Cliffs (CLF) Rises As Market Takes a Dip: Key Facts