Insider Activity: Cleveland-Cliffs (CLF)

  • Free: Get Your FREE copy of The Big Book of Chart Patterns
  • CFO and director buy shares.

  • Special: This Market is Growing at the Fastest Rate Since 2006
  • On Thursday, August 22nd, Keith Koci, CFO of Cleveland-Cliffs Inc. (CLF)picked up 12,500 shares of the company, paying just over $101,000 to do so. This buy increased his total stake in shares by 17 percent.

    He was joined by director John Baldwin, who bought 7,000 shares, a $58,000 buy. That increased the director’s stake by 6.5 percent. Insiders have bought earlier in the month as well, and have been net buyers with no sales since May.

    • The Time to Invest in 5G Is NOW

      Happy Woman Holding Phone AT&T has just become the first carrier to offer 5G coverage.

      Sprint's 5G network is live in Phoenix, New York City, Washington, D.C., and Los Angeles.

      T-Mobile has flipped the 5G switch in six cities...

      And Verizon has launched its 5G network in 13 cities.

      Nearly a decade in the making, 5G is finally here...

      And just ONE stock is your No. 1 chance to profit from the 5G revolution.

      Details HERE...

    Insiders have often paid prices as much as 17 percent higher than where shares currently trade.

    Cleveland-Cliffs is an iron ore mining company internationally, with large holdings in Michigan and Minnesota. It primarily serves integrated steel companies and producers.

  • Special: FREE – The 11 EV Stocks You Need in Your Arsenal
  • Action to take: With shares down 14 percent in the past year and with a forward PE ratio of just 5, this is a great price to start looking at any commodity company. Revenue growth has been positive, although the company’s earnings have dropped slightly in the past year. The company has a bit high of a debt load, however in a strong steel market shares could move far higher.

    Investors should look at shares at or under $8.50. And speculators may want to buy a January 2020 $8 call option, which can profit from any upside in shares over the next few months for just $1.10, or $110 per contract, compared to the $800 cost to buy 100 shares.