Cleveland-Cliffs (CLF) is up 7.5% today. Here is some analysis on what might have caused this price movement.
Analysis: The move appears tied to continued momentum after Cleveland-Cliffs posted its strongest quarter in three years and outlined a meaningfully better earnings outlook for late 2026 and 2027. Investors also seem to be reacting to follow-through from fresh analyst target hikes after the report, which added support to the improving steel-pricing and deleveraging story. ([clevelandcliffs.com](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/705/cleveland-cliffs-reports-third-quarter-2026-results))
Details:
Sources:
Cleveland-Cliffs ([clevelandcliffs.com](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/705/cleveland-cliffs-reports-third-quarter-2026-results)), Benzinga ([benzinga.com](https://www.benzinga.com/quote/CLF/price-targets?utm_source=openai)), Stock Analysis ([stockanalysis.com](https://stockanalysis.com/stocks/clf/?utm_source=openai))
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CLF Insider Trading Activity
$CLF insiders have traded $CLF stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CLF stock by insiders over the last 6 months:
- CELSO L JR GONCALVES (EVP, CFO) sold 214,308 shares for an estimated $2,874,641
- EDILSON CAMARA purchased 7,400 shares for an estimated $99,826
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CLF Hedge Fund Activity
We have seen 271 institutional investors add shares of $CLF stock to their portfolio, and 264 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MAPLE ROCK CAPITAL PARTNERS INC. removed 17,662,400 shares (-85.1%) from their portfolio in Q2 2026, for an estimated $165,849,936
- SLATE PATH CAPITAL LP added 9,166,100 shares (+47.6%) to their portfolio in Q2 2026, for an estimated $86,069,679
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,897,840 shares (+inf%) to their portfolio in Q2 2026, for an estimated $74,160,717
- TURIYA ADVISORS ASIA LTD removed 7,655,711 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $71,887,126
- POINTSTATE CAPITAL LP added 6,582,026 shares (+inf%) to their portfolio in Q2 2026, for an estimated $61,805,224
- AVALA GLOBAL LP added 6,211,390 shares (+inf%) to their portfolio in Q2 2026, for an estimated $58,324,952
- ENCOMPASS CAPITAL ADVISORS LLC added 5,113,625 shares (+inf%) to their portfolio in Q2 2026, for an estimated $48,016,938
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CLF Price Targets
Multiple analysts have issued price targets for $CLF recently. We have seen 7 analysts offer price targets for $CLF in the last 6 months, with a median target of $11.5.
Here are some recent targets:
- Timna Tanners from Wells Fargo set a target price of $9.0 on 07/09/2026
- Lawson Winder from B of A Securities set a target price of $11.5 on 07/09/2026
- Alexander Hacking from Citigroup set a target price of $10.0 on 07/07/2026
- Carlos De Alba from Morgan Stanley set a target price of $12.5 on 06/22/2026
- Bill Peterson from JP Morgan set a target price of $13.0 on 06/10/2026
- Gordon L. Johnson from GLJ Research set a target price of $15.01 on 06/09/2026
- Richard Garchitorena from Barclays set a target price of $9.0 on 05/22/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
