Overall market sentiment has been down on Cleveland-Cliffs Inc (CLF) stock lately. CLF receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Cleveland-Cliffs Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CLF!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CLF Stock Today?
Cleveland-Cliffs Inc (CLF) stock is trading at $17.40 as of 1:54 PM on Friday, Mar 24, a decline of -$0.25, or -1.42% from the previous closing price of $17.65. The stock has traded between $17.02 and $17.56 so far today. Volume today is low. So far 6,314,200 shares have traded compared to average volume of 10,405,394 shares.
To see InvestorsObserver's Sentiment Score for Cleveland-Cliffs Inc click here.
More About Cleveland-Cliffs Inc
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Click Here to get the full Stock Report for Cleveland-Cliffs Inc stock.
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