Shares of Cliffs Natural Resources (CLF) Sees Large Inflow of Net Money Flow

Cliffs Natural Resources (CLF) : Investors lapped up stocks on upticks to the tune of $5.3 million in the Fridays trading session. The trading value on downticks was comparatively at $4.71 million and the uptick to downtick ratio of 1.13 indicates continuous buying by the bulls. The net money flow into the stock was $0.6 million. The block trades were dominated by the bulls with a healthy 1.09, uptick to downtick ratio. Only $1.19 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $1.3 clearly indicating buying by large investors. The total money flow for block trades stood at $0.11 million, which is a positive for the stock in the long-term. Cliffs Natural Resources (CLF) fell $0.13 during the day at $5.65, a drop of -2.25% over the previous days close. However, for the week, the stock is -2.08%, compared to the previous week.


The company Insiders own 4.52% of Cliffs Natural Resources shares according to the proxy statements. Institutional Investors own 56.23% of Cliffs Natural Resources shares. During last six month period, the net percent change held by insiders has seen a change of -73.68%.

In a related news, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc., had purchased 100,000 shares on May 9, 2016. The total value of the transaction was $304,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Cliffs Natural Resources (NYSE:CLF): stock was range-bound between the intraday low of $5.61 and the intraday high of $5.95 after having opened at $5.88 on Fridays session. The stock finally closed in the red at $5.88, a loss of -0.87%. The stock remained in the red for the whole trading day. The total traded volume was 8,414,777 shares. The stock failed to cross $5.95 in Fridays trading. The stocks closing price on Thursday was $5.78.

Cliffs Natural Resources (CLF) : During the past 4 weeks, traders have been relatively bearish on Cliffs Natural Resources (CLF), hence the stock is down -29.25% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.19% relative to the S&P 500. The 4-week change in the price of the stock is -29.35% and the stock has fallen -0.69% in the past 1 week.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.