Cleveland-Cliffs Inc. (CLF) is down 3.1% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver appears to be a mix of pre-earnings caution and concern that the recent rally in U.S. steel prices may be nearing a plateau. This could be because investors are locking in gains ahead of the company’s July 23 second-quarter report while also weighing whether pricing strength can keep improving from here.
Details:
The company has scheduled its second-quarter 2026 earnings release and conference call for July 23, which can pressure shares when investors turn more defensive before results.A late-June analyst downgrade argued that much of the recent benefit from higher domestic steel prices was already reflected in steel equities, leaving a less favorable near-term risk-reward setup.The company’s first-quarter materials highlighted that results remain sensitive to swings in steel prices and demand from automakers, one of its most important end markets.Recent industry pricing data showed U.S. hot-rolled coil prices holding at elevated levels rather than continuing to climb, which may have fueled worries that the rally is losing momentum.Sources:
Cleveland-Cliffs, Investing.com, Steel Market Update
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CLF Insider Trading Activity
$CLF insiders have traded $CLF stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CLF stock by insiders over the last 6 months:
- LOURENCO GONCALVES (Chairman, President & CEO) sold 3,000,000 shares for an estimated $37,257,300
- CELSO L JR GONCALVES (EVP, CFO) sold 214,308 shares for an estimated $2,874,641
- CLIFFORD T SMITH (EVP & Chief Operating Officer) sold 200,000 shares for an estimated $2,092,080
- EDILSON CAMARA purchased 19,700 shares for an estimated $199,626
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
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$CLF Hedge Fund Activity
We have seen 254 institutional investors add shares of $CLF stock to their portfolio, and 234 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CASTLE HOOK PARTNERS LP removed 18,083,029 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $152,801,595
- STATE STREET CORP added 10,033,087 shares (+34.3%) to their portfolio in Q1 2026, for an estimated $84,779,585
- TWO SIGMA INVESTMENTS, LP added 9,128,822 shares (+190.5%) to their portfolio in Q1 2026, for an estimated $77,138,545
- JANE STREET GROUP, LLC removed 8,506,750 shares (-93.8%) from their portfolio in Q1 2026, for an estimated $71,882,037
- MAPLE ROCK CAPITAL PARTNERS INC. added 8,387,327 shares (+67.9%) to their portfolio in Q1 2026, for an estimated $70,872,913
- BALYASNY ASSET MANAGEMENT L.P. removed 6,643,924 shares (-70.9%) from their portfolio in Q1 2026, for an estimated $56,141,157
- BLACKROCK, INC. added 5,357,330 shares (+10.1%) to their portfolio in Q1 2026, for an estimated $45,269,438
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CLF Price Targets
Multiple analysts have issued price targets for $CLF recently. We have seen 7 analysts offer price targets for $CLF in the last 6 months, with a median target of $11.5.
Here are some recent targets:
- Timna Tanners from Wells Fargo set a target price of $9.0 on 07/09/2026
- Lawson Winder from B of A Securities set a target price of $11.5 on 07/09/2026
- Alexander Hacking from Citigroup set a target price of $10.0 on 07/07/2026
- Carlos De Alba from Morgan Stanley set a target price of $12.5 on 06/22/2026
- Bill Peterson from JP Morgan set a target price of $13.0 on 06/10/2026
- Gordon L. Johnson from GLJ Research set a target price of $15.01 on 06/09/2026
- Richard Garchitorena from Barclays set a target price of $9.0 on 05/22/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
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Cleveland-Cliffs Slides as Investors Brace for Earnings and Reassess Steel Price Upside
Cleveland-Cliffs Inc. (CLF) is down 3.1% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver appears to be a mix of pre-earnings caution and concern that the recent rally in U.S. steel prices may be nearing a plateau. This could be because investors are locking in gains ahead of the company’s July 23 second-quarter report while also weighing whether pricing strength can keep improving from here.
Details:
Sources:
Cleveland-Cliffs, Investing.com, Steel Market Update
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CLF Insider Trading Activity
$CLF insiders have traded $CLF stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CLF stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CLF Hedge Fund Activity
We have seen 254 institutional investors add shares of $CLF stock to their portfolio, and 234 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CLF Price Targets
Multiple analysts have issued price targets for $CLF recently. We have seen 7 analysts offer price targets for $CLF in the last 6 months, with a median target of $11.5.
Here are some recent targets:
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »