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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CLF Stock Today?
Cleveland-Cliffs Inc (CLF) stock is lower by -2.87% while the S&P 500 is higher by 0.04% as of 10:55 AM on Wednesday, Jan 19. CLF is down -$0.59 from the previous closing price of $20.59 on volume of 6,137,360 shares. Over the past year the S&P 500 is higher by 20.53% while CLF is higher by 12.68%. CLF earned $3.89 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.17.
More About Cleveland-Cliffs Inc
Cleveland-Cliffs Inc is a flat-rolled steel producer and a manufacturer of iron ore pellets in North America. It is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling and tubing. The company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and supplying of steel to the automotive industry in North America. The group employs approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.
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