Large Inflow of Money Detected in Cliffs Natural Resources

Cliffs Natural Resources (CLF) : Cliffs Natural Resources (CLF) had a healthy money flow of $0.62 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $5.28 million, whereas, investors only sold shares worth $4.66 million on downticks. The stock closed the day with an up-down ratio of 1.13.The money flow in the block trades to the tune of $1.02 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.36 million worth of transactions were on upticks. A paltry $0.34 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 4.05. Cliffs Natural Resources (CLF) stock slid $0.05 intraday and traded at 7.24, a change of -0.69% over previous days close. However, for the week, the company shares are 18.69% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 30.62% and the 50-Day Moving Average is 60.16%. Shares have rallied 90.91% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $6.89 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.86 and the 200 Day Moving Average price is recorded at $3.20.

Cliffs Natural Resources (NYSE:CLF): The stock opened at $7.38 on Thursday but the bulls could not build on the opening and the stock topped out at $7.50 for the day. The stock traded down to $7.10 during the day, due to lack of any buying support eventually closed down at $7.25 with a loss of -0.55% for the day. The stock had closed at $7.29 on the previous day. The total traded volume was 10,434,554 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Cliffs Natural Resources Inc., Goncalves Lourenco, had purchased 100,000 shares in a transaction dated on May 9, 2016. The transaction was executed at $3.04 per share with total amount equaling $304,000.

Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition, it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore, Asia Pacific Iron Ore and North American Coal. In the United States, it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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