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Cleveland-Cliffs Stock Jumps on Rosy Outlook
Cleveland-Cliffs shares entered Monday down about 9% this year.
Credit: Cheng Xin / Getty Images
Key Takeaways
Cleveland-Cliffs shares jumped after the steelmaker issued a stronger-than-expected outlook.
The firm’s quarterly results also topped estimates.
A rosy outlook has investors piling into shares of steel producer Cleveland-Cliffs.
Shares of Cleveland-Cliffs (CLF) were up over 14% in premarket trading, after the steelmaker’s adjusted EBITDA projections easily topped analysts’ expectations.
The company said it sees adjusted EBITDA of about $715 million for the fourth quarter of 2026…
The skinny
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