From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
Cleveland-Cliffs Shares Jump 6.8% in Steel Sector Rally
Cleveland-Cliffs shares surged 6.8% Friday as steel sector rallies with heavy trading volume.
In brief
Cleveland-Cliffs shares surged 6.8% Friday as steel sector rallies with heavy trading volume. Cleveland-Cliffs shares rose 6.8% Friday to $13.03 after sector-wide rally with 17.4M shares traded. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Cleveland-Cliffs Shares Surge
Cleveland-Cliffs shares surged 6.8% friday to close at $13.03.
Sector-Wide Rally
The $7.4 billion steelmaker led a broad advance across sector peers with three comparable companies posting strong gains.
Trading Activity
Trading activity friday showed meaningful conviction with 17.4m shares traded indicating strong institutional participation.
The short version
Cleveland-Cliffs shares rose 6.8% Friday to $13.03 after sector-wide rally with 17.4M shares traded.
