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Cleveland-Cliffs (CLF) in Focus: Stock Moves 9.3% Higher
Cleveland-Cliffs Inc. (CLF - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 25.1% in the past one-month time frame.
The company has seen one positive estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for Cleveland-Cliffs. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cleveland-Cliffs currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Cleveland-Cliffs Inc. Price
Cleveland-Cliffs Inc. price | Cleveland-Cliffs Inc. Quote
A better-ranked stock in the Mining – Miscellaneous industry is BHP Group (BHP - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
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