Large Outflow of Money Witnessed in Cliffs Natural Resources

Cliffs Natural Resources (CLF) : Net money flow in Cliffs Natural Resources (CLF) was negative ($2.93 million) and the inflow of money on uptick was $1.94 million, whereas, the outflow of money on downticks amounted to $4.87 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.4. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.15 million. On the other hand, the total value of block trades done on downticks was $3.1 million. The ratio of uptick to downtick block trades was 0.05. The money flow in block trades was negative ($2.95). Cliffs Natural Resources (CLF) gained $0.39 cent during the day and reached $7.11, a gain of 5.8% over the previous day.


The company Insiders own 4.52% of Cliffs Natural Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -73.68% . Institutional Investors own 51.35% of Cliffs Natural Resources shares. During last six month period, the net percent change held by insiders has seen a change of -73.68%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Cliffs Natural Resources Inc., Goncalves Lourenco, had purchased 100,000 shares in a transaction dated on May 9, 2016. The transaction was executed at $3.04 per share with total amount equaling $304,000.

Shares of Cliffs Natural Resources Inc. rose by 31.13% in the last five trading days and 42.05% for the last 4 weeks. Cliffs Natural Resources Inc. is up 84.17% in the last 3-month period. Year-to-Date the stock performance stands at 363.92%.

Cliffs Natural Resources (NYSE:CLF): stock turned positive on Tuesday. Though the stock opened at $7.28, the bulls momentum made the stock top out at $7.58 level for the day. The stock recorded a low of $7.02 and closed the trading day at $7.33, in the green by 9.08%. The total traded volume for the day was 23,918,834. The stock had closed at $6.72 in the previous days trading.

Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition, it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore, Asia Pacific Iron Ore and North American Coal. In the United States, it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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