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 34.5% in the past one-month time frame.
The company has seen one negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Cleveland-Cliffs currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Mining - Miscellaneous industry may consider BHP Billiton Limited (BHP - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CLF going up? Or down? Predict to see what others think: Up or Down
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
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