Large Inflow of Money Detected in Cliffs Natural Resources

Cliffs Natural Resources (CLF) stock had a bullish inflow of $9.27 million worth of trades on uptick and an outflow of $6.23 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.49. The net money flow into the stock was $3.04 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.55 million. An inflow of $1.35 million block trade was recorded on downticks. $1.91 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.41 in favor of the bulls. However, Cliffs Natural Resources (CLF) stock traded down $0.27 , and reached $5.77, a drop of -4.39% over the previous day. On a weekly basis, the stock is -0.09%, over the previous weeks close.


Also, Equity Analysts at the JP Morgan maintains the rating on Cliffs Natural Resources (NYSE:CLF). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $10.5 per share to $10 per share. The rating by the firm was issued on July 29, 2016.

Cliffs Natural Resources Inc. has lost 8.29% in the last five trading days and dropped 28.39% in the last 4 weeks. Cliffs Natural Resources Inc. is up 31.28% in the last 3-month period. Year-to-Date the stock performance stands at 263.92%.

Cliffs Natural Resources (NYSE:CLF): The stock opened at $5.96 on Tuesday but the bulls could not build on the opening and the stock topped out at $6.03 for the day. The stock traded down to $5.65 during the day, due to lack of any buying support eventually closed down at $5.75 with a loss of -4.64% for the day. The stock had closed at $6.03 on the previous day. The total traded volume was 8,507,676 shares.

In a related news, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc., executed a transaction worth $304,000 on May 9, 2016. A total of 100,000 shares were purchased at an average price of $3.04. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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