Why Cleveland-Cliffs Stock Scaled Mountains in December
Cliffs(CLF) The Motley Fool·2024-01-04 20:26Cleveland-Cliffs (CLF -2.60%) failed to capture its long-pursued merger target, but investors seem to prefer the company's plan B. Shares of Cleveland-Cliffs gained 19% in December, according to data provided by S&P Global Market Intelligence, after the company said it was refocusing its capital toward stock buybacks instead of dealmaking.The one that got awayYou don't often associate the steel industry with high drama, but last summer Cleveland-Cliffs put rival U.S. Steel (NYSE: X) in play with an offer th ...