Cleveland-Cliffs stock climbs after swinging back to profit
The steelmaker's shares closed up 16.34 percent at $14.10 on Monday, ending a five-day slide.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Cleveland-Cliffs shares closed up 16.34 percent at $14.10 on Monday, ending a five-day losing streak. The steelmaker reported its strongest quarter in three years and returned to profitability. Investors also reacted to its strong outlook for 2027 EBITDA.
Why it matters
The results have fueled hopes of a sustained recovery for the company this year.
Coverage
- Cleveland-Cliffs (CLF) Posts Strongest Quarter in 3 Years, Swings to Profit; Shares Soar 16.3% (Yahoo News)
- Stock Market Today, Oct. 19: Cleveland-Cliffs Surges on Stronger Q3 Results and Raised 2027 EBITDA Outlook (fool.com)
- CLF Stock Flashes Buy Signal On Steelmaker's Massive $4 Bil Outlook (Investor's Business Daily)
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