Wednesday's ETF with Unusual Volume: NANR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2025
0mins
Should l Buy CLF?
Source: NASDAQ.COM
ETF Performance Overview: On Wednesday, Cleveland-cliffs and Transocean saw significant trading volumes with declines of 0.9% and 2.9%, respectively, while MP Materials gained 6.2% and PBF Energy dropped 7.9%.
Market Commentary: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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Analyst Views on CLF
Wall Street analysts forecast CLF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLF is 12.78 USD with a low forecast of 5.75 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 14.730
Low
5.75
Averages
12.78
High
17.00
Current: 14.730
Low
5.75
Averages
12.78
High
17.00
About CLF
Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, rail, slab and cast ingot. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cleveland-Cliffs Stock Plummets 16% Amid Disappointing Earnings
- Demand Gap Impact: Cleveland-Cliffs faced significant steel imports last year that adversely affected its domestic market, creating a demand gap that negatively impacted steel shipments and asset utilization, ultimately leading to disappointing performance metrics.
- Disappointing Earnings Report: The company projected EBITDA of only $140 million in its latest earnings report, significantly below Bloomberg's consensus of $321 million, resulting in a stock price drop of over 16% on Monday, marking its worst session in over three months.
- Analyst Rating Dynamics: Despite the stock's decline, analysts maintain an average ‘Buy’ rating on Cleveland-Cliffs, with three analysts rating it ‘Buy’ or higher, indicating confidence in the company's future potential amidst current challenges.
- Retail Sentiment Shift: Retail investor sentiment on Cleveland-Cliffs shifted from ‘bearish’ to ‘extremely bullish’, with a 15,900% surge in message volume on Stocktwits over the past 24 hours, reflecting a positive response to the current dip in stock price.
See More
Cleveland-Cliffs Shares Plunge 16.5% After Q4 Revenue Miss
- Earnings Miss: Cleveland-Cliffs reported Q4 revenues of $4.3 billion, flat year-over-year but significantly below Wall Street's consensus of $4.6 billion, resulting in a full-year net loss exceeding $1.4 billion and a 3% decline in sales to $18.6 billion, indicating mounting pressure in the competitive landscape.
- Automotive Sector Impact: The company noted that its FY 2025 performance was adversely affected by persistently weak production levels in the automotive sector, which accounted for 28% of its quarterly steelmaking revenue, further exacerbating the sales decline and reflecting overall industry demand weakness.
- Cost Increase Expectations: The CEO indicated that the upcoming quarter would see higher costs due to a recent spike in utility expenses and changes in product mix, although normalization is expected by Q2, alongside anticipated improvements in steel pricing and shipment volumes.
- Strategic Priority: Cleveland-Cliffs has extended its timeline for reaching an agreement with Korea's Posco for asset sales to H1 2025, with the CEO emphasizing that this deal remains the number one strategic priority for both companies, reflecting the seriousness and potential scale of the opportunity.
See More
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
See More
Cleveland-Cliffs Shares Plunge 16.46% After Revenue Miss
- Earnings Miss: Cleveland-Cliffs reported Q4 2025 revenue of $4.3 billion, falling short of Wall Street's $4.6 billion estimate, resulting in a net loss exceeding $1.4 billion for the year, which contributed to a 16.46% drop in stock price.
- Surge in Trading Volume: The trading volume reached 55.2 million shares, approximately 238% above the three-month average of 16.3 million shares, indicating a strong investor reaction to the earnings report that may lead to further market volatility.
- Optimistic Future Outlook: Despite the losses, management expressed optimism for 2026, projecting steel shipments to rise by over 3% and implementing cost-cutting measures to improve margins, demonstrating the company's commitment to recovery amid challenges.
- Strategic Partnership Potential: Cleveland-Cliffs is in negotiations for a strategic partnership with South Korea's Posco Holdings, with expectations for a definitive agreement in the first half of 2026, as the CEO highlighted the seriousness and potential scale of this opportunity for future growth.
See More
Cleveland-Cliffs Reports Q4 Revenue Miss and Net Loss
- Earnings Miss: Cleveland-Cliffs reported Q4 revenue of $4.3 billion, falling short of Wall Street's $4.6 billion estimate, resulting in a full-year net loss exceeding $1.4 billion, which pressured the stock price significantly.
- Stock Volatility: The stock closed at $12.30 on Monday, down 16.46%, with trading volume reaching 55.2 million shares, about 238% above the three-month average, indicating strong investor reaction to the earnings report.
- Future Outlook: Management expressed optimism for 2026, forecasting steel shipments to rise by over 3% and implementing cost-cutting measures to improve margins, potentially supporting a recovery in stock price.
- Strategic Partnership Potential: Cleveland-Cliffs is in negotiations for a strategic partnership with South Korea's Posco Holdings, with a definitive agreement expected in the first half of 2026, highlighting the seriousness and potential scale of this opportunity as noted by the CEO.
See More
Cleveland-Cliffs and Roblox See Surge in Options Trading Volume
- Cleveland-Cliffs Options Activity: Cleveland-Cliffs Inc (CLF) experienced an options trading volume of 99,064 contracts today, equating to approximately 9.9 million shares, which represents about 60.9% of its average daily trading volume of 16.3 million shares over the past month, indicating strong market interest in the stock.
- High Put Option Volume: Notably, the $11.50 strike put option expiring on February 13, 2026, saw 5,064 contracts traded today, representing around 506,400 underlying shares, suggesting an increased bearish sentiment among investors regarding future price movements.
- Roblox Options Trading: Concurrently, Roblox Corp (RBLX) recorded an options trading volume of 94,882 contracts today, translating to approximately 9.5 million shares, or about 60.4% of its average daily trading volume of 15.7 million shares over the past month, reflecting active market engagement.
- Focus on Put Options: Particularly, the $25 strike put option expiring on December 18, 2026, had a trading volume of 13,003 contracts today, representing approximately 1.3 million underlying shares, indicating a cautious outlook from investors on the stock's future performance.
See More
Cleveland-Cliffs Stock Plummets 16% Amid Disappointing Earnings
- Demand Gap Impact: Cleveland-Cliffs faced significant steel imports last year that adversely affected its domestic market, creating a demand gap that negatively impacted steel shipments and asset utilization, ultimately leading to disappointing performance metrics.
- Disappointing Earnings Report: The company projected EBITDA of only $140 million in its latest earnings report, significantly below Bloomberg's consensus of $321 million, resulting in a stock price drop of over 16% on Monday, marking its worst session in over three months.
- Analyst Rating Dynamics: Despite the stock's decline, analysts maintain an average ‘Buy’ rating on Cleveland-Cliffs, with three analysts rating it ‘Buy’ or higher, indicating confidence in the company's future potential amidst current challenges.
- Retail Sentiment Shift: Retail investor sentiment on Cleveland-Cliffs shifted from ‘bearish’ to ‘extremely bullish’, with a 15,900% surge in message volume on Stocktwits over the past 24 hours, reflecting a positive response to the current dip in stock price.
See More
Cleveland-Cliffs Shares Plunge 16.5% After Q4 Revenue Miss
- Earnings Miss: Cleveland-Cliffs reported Q4 revenues of $4.3 billion, flat year-over-year but significantly below Wall Street's consensus of $4.6 billion, resulting in a full-year net loss exceeding $1.4 billion and a 3% decline in sales to $18.6 billion, indicating mounting pressure in the competitive landscape.
- Automotive Sector Impact: The company noted that its FY 2025 performance was adversely affected by persistently weak production levels in the automotive sector, which accounted for 28% of its quarterly steelmaking revenue, further exacerbating the sales decline and reflecting overall industry demand weakness.
- Cost Increase Expectations: The CEO indicated that the upcoming quarter would see higher costs due to a recent spike in utility expenses and changes in product mix, although normalization is expected by Q2, alongside anticipated improvements in steel pricing and shipment volumes.
- Strategic Priority: Cleveland-Cliffs has extended its timeline for reaching an agreement with Korea's Posco for asset sales to H1 2025, with the CEO emphasizing that this deal remains the number one strategic priority for both companies, reflecting the seriousness and potential scale of the opportunity.
See More
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
See More
Cleveland-Cliffs Shares Plunge 16.46% After Revenue Miss
- Earnings Miss: Cleveland-Cliffs reported Q4 2025 revenue of $4.3 billion, falling short of Wall Street's $4.6 billion estimate, resulting in a net loss exceeding $1.4 billion for the year, which contributed to a 16.46% drop in stock price.
- Surge in Trading Volume: The trading volume reached 55.2 million shares, approximately 238% above the three-month average of 16.3 million shares, indicating a strong investor reaction to the earnings report that may lead to further market volatility.
- Optimistic Future Outlook: Despite the losses, management expressed optimism for 2026, projecting steel shipments to rise by over 3% and implementing cost-cutting measures to improve margins, demonstrating the company's commitment to recovery amid challenges.
- Strategic Partnership Potential: Cleveland-Cliffs is in negotiations for a strategic partnership with South Korea's Posco Holdings, with expectations for a definitive agreement in the first half of 2026, as the CEO highlighted the seriousness and potential scale of this opportunity for future growth.
See More
Cleveland-Cliffs Reports Q4 Revenue Miss and Net Loss
- Earnings Miss: Cleveland-Cliffs reported Q4 revenue of $4.3 billion, falling short of Wall Street's $4.6 billion estimate, resulting in a full-year net loss exceeding $1.4 billion, which pressured the stock price significantly.
- Stock Volatility: The stock closed at $12.30 on Monday, down 16.46%, with trading volume reaching 55.2 million shares, about 238% above the three-month average, indicating strong investor reaction to the earnings report.
- Future Outlook: Management expressed optimism for 2026, forecasting steel shipments to rise by over 3% and implementing cost-cutting measures to improve margins, potentially supporting a recovery in stock price.
- Strategic Partnership Potential: Cleveland-Cliffs is in negotiations for a strategic partnership with South Korea's Posco Holdings, with a definitive agreement expected in the first half of 2026, highlighting the seriousness and potential scale of this opportunity as noted by the CEO.
See More
Cleveland-Cliffs and Roblox See Surge in Options Trading Volume
- Cleveland-Cliffs Options Activity: Cleveland-Cliffs Inc (CLF) experienced an options trading volume of 99,064 contracts today, equating to approximately 9.9 million shares, which represents about 60.9% of its average daily trading volume of 16.3 million shares over the past month, indicating strong market interest in the stock.
- High Put Option Volume: Notably, the $11.50 strike put option expiring on February 13, 2026, saw 5,064 contracts traded today, representing around 506,400 underlying shares, suggesting an increased bearish sentiment among investors regarding future price movements.
- Roblox Options Trading: Concurrently, Roblox Corp (RBLX) recorded an options trading volume of 94,882 contracts today, translating to approximately 9.5 million shares, or about 60.4% of its average daily trading volume of 15.7 million shares over the past month, reflecting active market engagement.
- Focus on Put Options: Particularly, the $25 strike put option expiring on December 18, 2026, had a trading volume of 13,003 contracts today, representing approximately 1.3 million underlying shares, indicating a cautious outlook from investors on the stock's future performance.
See More
