Why Cleveland-Cliffs (CLF) Stock Is Up Today

Cleveland-Cliffs (CLF) is up 6.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a mix of improving sentiment around domestic steel producers and Cleveland-Cliffs’ own recent company-specific positives. This could be because investors are still reacting to tighter North American trade conditions, a large government-backed plant investment, and management’s stronger second-half 2026 outlook.

Details:

Cleveland-Cliffs recently announced a $1 billion modernization project at its Middletown Works facility, with $500 million of support from the U.S. Department of Energy.

The company’s second-quarter 2026 results showed revenue improving sequentially to $5.2 billion, while management pointed to better pricing, lower costs, and stronger earnings in the second half of the year.

Trade tensions between the U.S. and Canada have kept steel tariffs and domestic sourcing in focus, which can improve the outlook for U.S.-based steel producers.

Cleveland-Cliffs has also said in its filings and shareholder materials that Section 232 tariffs and reduced imports have helped support its order book and the broader steel market backdrop.

Sources:

Cleveland-Cliffs, U.S. Department of Energy, S&P Global, AP News

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 1 times in the past 6 months. Of those trades, 0 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

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 278 institutional investors add shares of $CLF stock to their portfolio, and 328 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CASTLE HOOK PARTNERS LP removed 18,083,029 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $152,801,595
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

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.