What is CLF Stock?
Cleveland-Cliffs Inc., formerly Cliffs Natural Resources, is a leading producer of iron ore in the United States. The company primarily mines and sells taconite pellets to steelmakers in the United States and around the world. It is headquartered in Cleveland, Ohio and is listed on the New York Stock Exchange (NYSE) under the ticker symbol CLF.
A Brief Overview of CLF Stock History
CLF stock has had an interesting history over the years. The stock was first listed on the NYSE in October of 2007 with an initial price of $18.50. The stock quickly rose to a high of $111.73 in April of 2011, as the company benefited from rising iron ore prices. Unfortunately, the stock then crashed all the way down to a low of $2.06 in January of 2016, as iron ore prices sank and the company struggled.
CLF Stock Price History Since 2016
Since bottoming out in 2016, CLF stock has experienced a remarkable turnaround. In 2017, the stock began to rebound and eventually climbed all the way back up to $13.50 in December of the same year. Since then, the stock has continued to climb, reaching a high of $14.76 in June of 2018. The stock has remained relatively stable since then, trading in a range between $7.50 and $14.50.
CLF Stock Performance in 2020
2020 has been a volatile year for CLF stock. The stock began the year trading at around $8.50, but quickly shot up to $13.50 in February as commodity prices rose. The stock then fell sharply in March as the pandemic caused a global economic downturn. The stock then rallied again in April and May, hitting a high of $14.50. Since then, the stock has been trading in a range between $8.50 and $12.00.
CLF Stock Performance in 2021
CLF stock has been relatively stable in 2021. The stock began the year trading around $9.00 and has since risen to a high of $13.00 in April. The stock has been trading in a range between $9.00 and $13.00 since then, as iron ore prices have remained relatively steady.
CLF Stock Performance in 2022
CLF stock has continued to be relatively stable in 2022. The stock began the year trading around $10.00 and has since risen to a high of $13.50 in June. The stock has been trading in a range between $10.00 and $13.50 since then, as iron ore prices have remained steady.
CLF Stock Performance in 2023
CLF stock has continued its steady performance in 2023. The stock began the year trading around $11.00 and has since risen to a high of $14.00 in April. The stock has been trading in a range between $11.00 and $14.00 since then, as iron ore prices have remained mostly steady.
Conclusion
CLF stock has had an interesting history over the past few years. After hitting a low of $2.06 in 2016, the stock has slowly recovered and is now trading at a much higher level. The stock has been relatively stable over the past few years, trading in a range between $7.50 and $14.50. As long as iron ore prices remain steady, CLF stock should continue to be a reliable investment.
