Cleveland-Cliffs (CLF) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Ancora Holdings, a Mayfield Heights-based institutional asset management company and private wealth advisor, is calling on U.S. Steel to drop its merger agreement with Japanese-owned Nippon Steel, end its litigation against the federal government seeking to keep the deal alive and oust its Chief Executive.
While CLF benefits from its vertically integrated footprint, cost-saving actions and the Stelco buyout, weaker steel prices cast a pall on its prospects.
Financial risks and uncertainties surround CLF's potential acquisition of US Steel, but share buyback program offers potential returns to investors.
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 billion sale to Nippon Steel . Rival bidder Cleveland-Cliffs wants another shot at a takeover.
Cleveland-Cliffs (CLF) closed the most recent trading day at $9.93, moving -0.8% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.46%. Meanwhile, the Dow experienced a rise of 0.
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.
Cleveland-Cliffs Inc (CLF) stock saw a decline, ending the day at $10.09 which represents a decrease of $-0.18 or -1.75% from the prior close of $10.27. The stock opened at $10.42 and touched a low of $10.
Nucor may be interested in acquiring parts of U.S. Steel if the $14.9 billion deal for Nippon Steel to purchase U.S. Steel falls through.
Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") will announce its full-year and fourth-quarter 2024 earnings results after the U.S. market close on Monday, February 24, 2025.
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on First Quantum Minerals (FQVLF – Research
The broader stock market sentiment has been shaky due to concerns that President Trump will implement potential trade tariffs, affecting some of the major industries in the United States economy and those of its trading partners.