why is clf stock dropping

CLF Cleveland-Cliffs Cleveland-Cliffs stock NYSE. Shares of Cleveland-Cliffs CLF 778 fell more than 13 on Tuesday morning after the iron ore producer announced plans to acquire AK Steel AKS for 11 billion in stock.

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CLF stock quote history news and other vital information to help you with your stock trading and investing.

. Cleveland-Cliffs stock price target cut to 26 from 32 at B. NEW YORK TheStreet -- Cliffs Natural Resources CLF is trading lower on Monday after Axiom Capital initiated coverage of shares with a sell rating and 10 price. 26 2022 at 747 am.

Clearfield Inc CLFD stock is trading at 3624 as of 1057 AM on Monday Jun 14 a drop of -561 or -1341 from the previous closing price of 4185. Cleveland-Cliffs stock NYSE. Turns out CLFs PE multiple has declined from 9x in 2016 to 51x currently.

It currently stands at 94 which marks a. This was mainly after Chinas announcement that it plans to cut its crude steel. CLF dropped almost 12 in just the last one week.

The global price of iron ore per ton has fallen below 100. In the last ten days it is down almost 10 while if we look at the change over the last one month. The stock has traded.

Thats a 220 jump from its previous guidance of 1225 per net ton. Why is CLF stock falling. The overall talk is negative on their future expectations.

Find the latest Cleveland-Cliffs Inc. 84199 reactions on CLF conversation Top Reactions J John they should cut expenses starting with the Cavaliers if you cant drive the stock price up then you have no business sponsoring a. CLF dropped almost 12 in just the last one week.

There is a reason of course it is the companys future growth prospects reflected in the PE multiple. Like other companies in. In the last ten days it is down almost 10 while if we look at the change over.

It currently stands at 94. The drop in CLF stock recently has been driven by the fall in iron ore prices. The global price of iron ore per ton has fallen below 100.

It attributes this to higher than expected prices on renewals of fixed-price contracts and other factors. CLF dropped 147 Thursday after the company reported its fourth-quarter and full-year 2020 earnings. For CLM and its.

Shares of the steelmaker are inexpensive but investors fear falling profitsand sliding prices for. Cleveland-Cliffs stock is falling after its fourth-quarter earnings disappointed the market. The reaction on above will significantly impact stock markets performance this Friday and on Monday Oct 31st.

The drop in CLF stock recently has been driven by the fall in iron ore prices. CLF dropped 75 over the last 5 trading days 1 week. Cleveland-Cliffs stock NYSE.

Shares of steelmaker Cleveland-Cliffs NYSE. ET by Tomi Kilgore. However it goes without saying that the main problem for CLF for the last few months was the fall in iron ore prices - this leads me to the next reason for my optimistic.

Get the latest Cleveland-Cliffs Inc. CLF stock news and headlines to help you in your trading and investing decisions.

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