Cleveland-Cliffs Inc. (CLF) Plunges 7.43% on February 26

Equities Staff  |

Cleveland-Cliffs Inc. (CLF) had a rough trading day for Friday February 26 as shares tumbled 7.43%, or a loss of $-1.07 per share, to close at $13.34. After opening the day at $14.50, shares of Cleveland-Cliffs Inc. traded as high as $14.89 and as low as $13.30. Volume was 100.03 million shares over 144,092 trades, against an average daily volume of n/a shares and a total float of 498.84 million.

As a result of the decline, Cleveland-Cliffs Inc. now has a market cap of $6.65 billion. In the last year, shares of Cleveland-Cliffs Inc. have traded between a range of $18.78 and $2.64, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Cleveland-Cliffs Inc., check out’s Stock Valuation Analysis report for CLF.

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Cleveland-Cliffs Inc is an independent iron ore mining company in the United States and is a supplier of iron ore pellets to the North American steel industry from its mines and processing facilities located in Michigan and Minnesota. It is also engaged in the production of Hot-Briquetted Iron in the Great Lakes region with the development of a production plant in Toledo, Ohio.

Cleveland-Cliffs Inc. is based out of Cleveland, OH and has some 2,372 employees. Its CEO is C. Lourenco Goncalves.

Cleveland-Cliffs Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Cleveland-Cliffs Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CLF’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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