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Cleveland-Cliffs Inc. ($CLF) Stock Forecast: Up 5.1% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Cleveland-Cliffs Inc.?

Cleveland-Cliffs (CLF) is a mining and natural resources company that specializes in producing iron ore pellets. The company operates in the United States and is a key player in the steel industry.

Why is Cleveland-Cliffs Inc. going up?

CLF stock is up 5.1% on Jun 6, 2025 17:05

  • CLF stock surged 5.3% in the latest trading session, suggesting a strong bullish movement.
  • An increase in steel tariffs may benefit CLF as demand shifts to U.S. producers, potentially leading to further gains.
  • Despite a recent -0.26% dip, the overall trend appears positive for CLF, with the potential for a rebound after the last earnings report.
  • An investigation into CLF and other companies may have caused some uncertainty in the market, but the bullish momentum prevailed due to positive industry developments.

CLF Price Chart

CLF Technical Analysis

CLF News

Cleveland-Cliffs ( CLF ) Down 0.7% Since Last Earnings Report: Can It Rebound?

Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2487675/cleveland-cliffs-clf-down-07-since-last-earnings-report-can-it-rebound

0 Missing News Article Image Cleveland-Cliffs  ( CLF )  Down 0.7% Since Last Earnings Report: Can It Rebound?

Cleveland-Cliffs ( CLF ) Stock Sinks As Market Gains: Here's Why

In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $7.54, denoting a -0.26% change from the preceding trading day.

https://www.zacks.com/stock/news/2484965/cleveland-cliffs-clf-stock-sinks-as-market-gains-heres-why

1 Missing News Article Image Cleveland-Cliffs  ( CLF )  Stock Sinks As Market Gains: Here's Why

3 Stocks Poised for Growth as Trump Doubles Steel Tariffs

Trump's tariff hike to 50% on steel imports could ignite gains for NUE, STLD and CLF as demand shifts to U.S. producers.

https://www.zacks.com/stock/news/2484476/3-stocks-poised-for-growth-as-trump-doubles-steel-tariffs

2 Missing News Article Image 3 Stocks Poised for Growth as Trump Doubles Steel Tariffs

Cleveland-Cliffs ( CLF ) Surges 5.3%: Is This an Indication of Further Gains?

Cleveland-Cliffs (CLF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

https://www.zacks.com/stock/news/2484176/cleveland-cliffs-clf-surges-53-is-this-an-indication-of-further-gains

3 Missing News Article Image Cleveland-Cliffs  ( CLF )  Surges 5.3%: Is This an Indication of Further Gains?

Bragar Eagel & Squire, P.C. Is Investigating TechTarget, SelectQuote, GoHealth, and Cleveland-Cliffs and Encourages Investors to Contact the Firm - GoHealth ( NASDAQ:GOCO ) , Cleveland-Cliffs ( NYSE:CLF )

NEW YORK, June 02, 2025 ( GLOBE NEWSWIRE ) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims TechTarget, Inc. TTGT, SelectQuote, Inc. SLQT, GoHealth, Inc. GOCO, and Cleveland-Cliffs Inc.

https://www.benzinga.com/pressreleases/25/06/g45737830/bragar-eagel-squire-p-c-is-investigating-techtarget-selectquote-gohealth-and-cleveland-cliffs-and-

4 News Article Image Bragar Eagel & Squire, P.C. Is Investigating TechTarget, SelectQuote, GoHealth, and Cleveland-Cliffs and Encourages Investors to Contact the Firm - GoHealth  ( NASDAQ:GOCO ) , Cleveland-Cliffs  ( NYSE:CLF )

Cleveland-Cliffs Inc. Price History

13.04.2025 - CLF Stock was up 5.7%

  • Despite investigations by law firms into potential claims against Cleveland-Cliffs, the stock experienced a strong bullish movement.
  • The market reacted positively to Cleveland-Cliffs' first-quarter earnings report, where although earnings missed estimates, revenues beat expectations.
  • Weaker average selling prices and underperformance of non-core assets were cited as factors affecting CLF's performance in the first quarter.
  • The overall bullish sentiment in the market and positive revenue results overshadowed the concerns raised by the investigations, leading to the stock's upward movement.

04.05.2025 - CLF Stock was up 8.1%

  • Cleveland-Cliffs (CLF) saw significant bullish momentum today.
  • The rise in CLF's stock price is potentially linked to recent developments in U.S. trade policies regarding steel tariffs.
  • Despite ongoing investigations into certain claims, the market's positive outlook on steel-related stocks overshadowed these uncertainties.
  • The overall positive market sentiment in the materials sector, supported by the RSI momentum indicator, also influenced Cleveland-Cliffs' stock price increase.

08.04.2025 - CLF Stock was down 13.9%

  • CLF's Q1 earnings missed estimates, with weaker average selling prices and underperformance of non-core assets affecting its performance.
  • The stock fell as the company reported a revenue of $4.63 billion, missing analyst estimates, and an adjusted loss of 92 cents per share, below expectations.
  • Despite expectations of benefiting from lower costs and higher volumes in Q1, pricing headwinds and the decision to idle 6 facilities contributed to the bearish movement.
  • Market uncertainties and the company's decisive actions to streamline operations have led to a cautious sentiment among investors, impacting CLF's stock negatively.

03.05.2025 - CLF Stock was down 6.7%

  • Despite positive news about U.S. President Donald Trump's plans to increase tariffs on steel, Cleveland-Cliffs stock experienced a strong bearish movement.
  • Concerns raised by investigations from multiple law firms into potential shareholder claims against Cleveland-Cliffs may have influenced the bearish market movement.
  • The overall market sentiment regarding materials stocks, including Cleveland-Cliffs, being oversold and undervalued, may have added to the downward pressure on the stock.
  • The combination of legal uncertainties and market sentiment towards the materials sector could have overshadowed the positive tariff news, leading to the bearish movement of Cleveland-Cliffs stock.

08.04.2025 - CLF Stock was down 15.6%

  • Reported Q1 earnings below estimates due to weaker average selling prices and the performance of non-core assets.
  • Revenue and adjusted earnings per share did not meet analyst expectations, resulting in a negative market response.
  • Challenges with pricing in Q1 impacted the company's financial results despite potential cost savings and increased volumes.
  • Investor apprehension regarding the company's financial situation is evident from the market's reaction, signaling the importance of strategic measures to optimize operations.

15.04.2025 - CLF Stock was down 5.5%

  • Today, Cleveland-Cliffs Inc. (CLF) experienced a strong bearish movement in the market, possibly influenced by the following factors:
  • Multiple law firms are investigating potential claims against CLF on behalf of investors. This legal scrutiny could have created uncertainty and negative sentiment among shareholders.
  • The company's first-quarter earnings report, released after the market closed on Wednesday, might have disappointed investors, leading to a sell-off of CLF shares.
  • The ongoing investigations and legal uncertainties surrounding Cleveland-Cliffs could be contributing to the downward pressure on the stock price.
  • Traders and investors may be cautious about the future prospects of CLF, waiting for more clarity on the legal issues and the company's financial performance before re-entering the market.

02.05.2025 - CLF Stock was up 5.1%

  • The bullish movement in Cleveland-Cliffs' stock could be attributed to the company being highlighted as one of the top materials stocks that could potentially surge this month, presenting an opportunity for investors to buy into undervalued companies.
  • The investigation into potential shareholder claims against Cleveland-Cliffs may have initially caused some uncertainty in the market, but the positive outlook from the materials sector could have overshadowed these concerns, leading to the bullish movement.
  • Investors might be reacting positively to the potential for Cleveland-Cliffs to outperform, especially considering the oversold nature of the materials sector and the momentum indicator signaling strength in the stock's movement on positive price days.

01.04.2025 - CLF Stock was up 5.1%

  • Analysts had predicted a decrease in Cleveland-Cliffs' earnings, but the stock displayed a strong bullish trend, signaling a potentially more favorable investor outlook.
  • The stock stayed flat while the broader market rose, hinting at possible positive company-specific developments that boosted investor confidence.
  • Despite the market remaining stable, Cleveland-Cliffs' stock showed a bullish movement, indicating that investors may be cautiously optimistic about the company's future performance.

29.04.2025 - CLF Stock was down 5.5%

  • An investigation into potential shareholder claims against CLF may have raised concerns among investors, leading to a bearish movement in the stock.
  • Uncertainty surrounding the outcome of the investigation could have negatively impacted investor confidence in CLF, contributing to the downward trend in the stock price.
  • Investors may be cautious about the implications of the investigation on CLF's financial performance and reputation, leading to a sell-off of the stock and driving the bearish movement.

05.05.2025 - CLF Stock was down 5.5%

  • The bearish movement in CLF today can be attributed to the overall market gains.
  • Trump's announcement to double steel tariffs could have initially sparked optimism for CLF, but the subsequent uncertainty regarding the impact on earnings estimates might have led to profit-taking and the bearish movement.
  • The investigation by Bragar Eagel & Squire, P.C. into potential claims involving CLF could have also contributed to negative sentiment and selling pressure on the stock.
  • Despite the positive news of soaring CLF shares due to Trump's tariff announcement, market participants might have reevaluated the long-term implications, leading to the bearish movement witnessed today.

22.04.2025 - CLF Stock was down 6.9%

  • The investigation into potential claims against Cleveland-Cliffs (CLF) could have caused investor concerns, possibly impacting the stock's bearish movement.
  • The uncertainty surrounding the investigation might have led to selling pressure on CLF shares, influencing the market's downward trend.
  • Investors may be wary of how the investigation could affect CLF's financial stability and future outlook, leading to a negative sentiment towards the stock.

06.05.2025 - CLF Stock was up 5.1%

  • CLF stock surged 5.3% in the latest trading session, suggesting a strong bullish movement.
  • An increase in steel tariffs may benefit CLF as demand shifts to U.S. producers, potentially leading to further gains.
  • Despite a recent -0.26% dip, the overall trend appears positive for CLF, with the potential for a rebound after the last earnings report.
  • An investigation into CLF and other companies may have caused some uncertainty in the market, but the bullish momentum prevailed due to positive industry developments.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.