CLF - Positive Signal: Ron Bloom Shows Faith Buying $424K In Cleveland-Cliffs Stock | Benzinga
It was revealed in a recent SEC filing that Ron Bloom, Director at Cleveland-Cliffs (NYSE:CLF) made a noteworthy insider purchase on May 1,.
What Happened: Bloom's recent purchase of 25,000 shares of Cleveland-Cliffs, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, reflects confidence in the company's potential. The total transaction value is $424,875.
Tracking the Wednesday's morning session, Cleveland-Cliffs shares are trading at $16.73, showing a down of 1.01%.
Discovering Cleveland-Cliffs: A Closer Look
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through 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.
Cleveland-Cliffs: Delving into Financials
Decline in Revenue: Over the 3 months period, ...