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Bragar Eagel & Squire, P.C. Is Investigating Kohl's and Cleveland-Cliffs and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-22 01:00
Group 1: Kohl's Corporation (NYSE: KSS) - Kohl's CEO was terminated for violating company policy related to undisclosed conflicts of interest in vendor transactions [2] - The CEO directed the company to conduct business with a vendor he had a personal relationship with, resulting in favorable terms for the vendor [2] - Following the CEO's termination, Kohl's stock experienced a significant drop on unusually heavy trading volume [2] Group 2: Cleveland-Cliffs Inc. (NYSE: CLF) - Cleveland-Cliffs reported a larger than expected adjusted loss and an 11% year-over-year revenue decline to $4.63 billion for Q1 2025 [3] - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and lower index prices [3] - Cleveland-Cliffs' share price fell from $8.49 to $7.15 following the financial results announcement, a decline of $1.34 per share [3]
CLF Investors Have Opportunity to Join Cleveland-Cliffs Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-05-20 09:29
LOS ANGELES, May 20, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cleveland-Cliffs Inc. ("Cleveland-Cliffs" or "the Company") (NYSE: CLF) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cleveland-Cliffs reportd its financial results for Q1 2025 on May 7, 20 ...
CLEVELAND-CLIFFS ALERT: Bragar Eagel & Squire, P.C. is Investigating Cleveland-Cliffs Inc. on Behalf of Cleveland-Cliffs Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-05-14 01:00
Core Viewpoint - Cleveland-Cliffs Inc. is facing scrutiny for potential violations of federal securities laws following a disappointing financial report and operational changes [1][2]. Financial Performance - Cleveland-Cliffs reported an adjusted loss that was larger than expected for Q1 2025, with a year-over-year revenue decline of 11%, totaling $4.63 billion [2]. - The company's share price fell from $8.49 to $7.15 following the announcement of its financial results [2]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices experienced in late 2024 and early 2025 [2]. - Cleveland-Cliffs is repositioning its portfolio to focus more on the automotive industry, moving away from non-core markets such as rail, high-carbon sheet, and specialty plate products [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cleveland-Cliffs Inc. - CLF
GlobeNewswire News Room· 2025-05-13 15:41
Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results and operational changes [1][3]. Financial Performance - Cleveland-Cliffs reported a larger than expected adjusted loss for Q1 2025, with a year-over-year revenue decline of 11% to $4.63 billion [3]. - The company plans to fully or partially idle six steel plants due to underperforming non-core assets and the impact of lower index prices from late 2024 and early 2025 [3]. Stock Market Reaction - Following the announcement of its financial results, Cleveland-Cliffs' stock price fell by $1.34 per share, or 15.78%, closing at $7.15 per share on May 8, 2025 [4]. Strategic Shift - The CEO indicated a strategic repositioning of the company's portfolio away from non-core markets, such as rail and high-carbon sheet products, towards the automotive industry [3].
Kirby McInerney LLP Announces Investigation of Claims Against Cleveland-Cliffs Inc. (CLF) on Behalf of Investors
GlobeNewswire News Room· 2025-05-13 00:00
Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and operational changes [1][3]. Financial Performance - Cleveland-Cliffs reported a larger than expected adjusted loss for Q1 2025, with a year-over-year revenue decline of 11% to $4.63 billion [3]. - The company's share price fell from $8.49 on May 7, 2025, to $7.15 on May 8, 2025, a decline of $1.34 per share [3]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices from late 2024 and early 2025 [3]. - Cleveland-Cliffs is repositioning its portfolio away from non-core markets, including rail, high-carbon sheet, and specialty plate products, and is focusing on the automotive industry [3].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cleveland-Cliffs Inc. - CLF
Prnewswire· 2025-05-12 21:07
NEW YORK, May 12, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Cleveland-Cliffs Inc. ("Cleveland-Cliffs" or the "Company") (NYSE: CLF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Cleveland-Cliffs and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On May ...
3 Undervalued Stocks Wall Street Is Getting Wrong
MarketBeat· 2025-05-12 16:02
Core Viewpoint - The stock market, particularly the S&P 500, is generally efficient in pricing future economic expectations, but certain stocks may disconnect from broader market trends, presenting investment opportunities [1][2] Group 1: Cleveland-Cliffs Inc. (NYSE: CLF) - Cleveland-Cliffs stock is currently priced at $7.37, representing a 39% drop from its 52-week high, indicating that worst-case scenarios for the U.S. industrial sector may already be priced in [3][4] - Analysts project a 12-month price forecast of $15.49 for Cleveland-Cliffs, suggesting a potential upside of 110.29% from current levels, with a consensus indicating a moderate buy rating [3][5] - The stock's risk-to-reward ratio is favorable for bullish investors, with a consensus price target of $15.5 per share, indicating a significant rebound potential [5] Group 2: Wayfair Inc. (NYSE: W) - Wayfair's current stock price is $39.59, with a 12-month price forecast of $46.46, indicating a 17.36% upside potential [6][7] - The stock trades at 43% of its 52-week high, attracting capital as investors anticipate a rebound in the home furnishing market as real estate stabilizes [7][8] - Analysts from Mizuho have set a price target of $50 per share for Wayfair, suggesting a potential upside of 53% from current levels [10] Group 3: Reddit Inc. (NYSE: RDDT) - Reddit's stock is currently priced at $111.30, with a 12-month price forecast of $140.35, indicating a 26.10% upside potential [11] - The stock has fallen to 47% of its 52-week high, and recent quarterly earnings results suggest that the current price does not reflect the company's financial performance [11][12] - Institutional investors, such as the Vanguard Group, have increased their holdings in Reddit, showcasing confidence in its future, with Citigroup analysts maintaining a buy rating and a valuation of $158, indicating a 46% upside [13]
Cleveland-Cliffs And Its 3 Pillars Driving A Turnaround By 2026
Seeking Alpha· 2025-05-11 11:30
With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Cleveland-Cliffs' (NYSE: CLF ) stock price performance has become a real pain point for me and my investment coverage here on Seeking Alpha, as CLF has been constantly underperforming the broader market even amid situations whenHe leads the investing ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Cleveland-Cliffs Inc. – CLF
GlobeNewswire News Room· 2025-05-09 18:57
Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential securities fraud following a disappointing financial report that revealed a larger than expected adjusted loss and a significant revenue decline [1][3]. Financial Performance - Cleveland-Cliffs reported a first-quarter revenue decline of 11% year-over-year, totaling $4.63 billion [3]. - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and the impact of lower index prices from late 2024 and early 2025 [3]. Stock Market Reaction - Following the financial results announcement, Cleveland-Cliffs' stock price dropped by $1.34 per share, or 15.78%, closing at $7.15 per share on May 8, 2025 [4]. Company Strategy - The CEO indicated a strategic shift to reposition the company's portfolio away from non-core markets, such as rail and high-carbon sheet products, and towards the automotive industry [3].
Compared to Estimates, Cleveland-Cliffs (CLF) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-05-09 02:30
Core Insights - Cleveland-Cliffs reported a revenue of $4.63 billion for Q1 2025, marking an 11% decline year-over-year, with an EPS of -$0.92 compared to $0.18 a year ago [1] - The revenue slightly exceeded the Zacks Consensus Estimate of $4.6 billion, resulting in a surprise of +0.71%, while the EPS fell short of the consensus estimate of -$0.78 by -17.95% [1] Financial Performance Metrics - Total steel shipments were reported at 4,140 KTon, surpassing the average estimate of 4,064.01 KTon [4] - The average net selling price per net ton of steel products was $980, slightly below the estimated $985.85 [4] - Steelmaking revenues totaled $4.47 billion, exceeding the estimate of $4.43 billion but reflecting an 11.1% decline year-over-year [4] - Revenues from coated steel were $1.36 billion, compared to the estimate of $1.34 billion, showing a year-over-year decline of 16.1% [4] - Revenues from slab and other steel products were $247 million, below the estimate of $312.45 million, indicating a 26.3% year-over-year decline [4] - Revenues from cold-rolled steel were $591 million, exceeding the estimate of $555.93 million, with a year-over-year decline of 21.1% [4] - Revenues from hot-rolled steel were $1.17 billion, slightly below the estimate of $1.18 billion, reflecting a year-over-year increase of 3.4% [4] Stock Performance - Cleveland-Cliffs shares have returned +6.8% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]