Large Outflow of Money Witnessed in Cliffs Natural Resources

Cliffs Natural Resources (CLF) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.57 million) in Cliffs Natural Resources (CLF). On Monday, The value of composite uptick trades was $0.99 million, whereas, the value of composite downtick trades was $1.56 million and the ratio between the two was 0.64, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.82 million. $0.26 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.31. The negative money flow of ($0.57 million) shows selling on strength. Cliffs Natural Resources (CLF) gained $0.07 intraday at $7.37 and registrered 0.89% for the week.


Cliffs Natural Resources Inc. is up 69.32% in the last 3-month period. Year-to-Date the stock performance stands at 371.52%. Shares of Cliffs Natural Resources Inc. rose by 10.86% in the last five trading days and 55.21% for the last 4 weeks. In a related news, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc. had purchased 100,000 shares on May 9, 2016 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $304,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Cliffs Natural Resources (NYSE:CLF): stock turned positive on Monday. Though the stock opened at $7.29, the bulls momentum made the stock top out at $7.46 level for the day. The stock recorded a low of $7.14 and closed the trading day at $7.45, in the green by 2.05%. The total traded volume for the day was 7,523,850. The stock had closed at $7.3 in the previous days trading.

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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