Cleveland-Cliffs Inc. (CLF) Soars 11.53% on Earnings, Acquisitions

Cleveland-Cliffs Inc. (CLF) shares surged 1.02% today, marking the second consecutive day of gains, with a total increase of 11.53% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 1.43%.

The strategy of buying CLF shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. There were 14 months where the strategy yielded positive returns, but these were offset by the 13 months where it resulted in losses. Therefore, it may be prudent to reconsider the approach or adjust the holding period to improve the overall performance.

Cleveland-Cliffs Inc. has seen a significant boost in its stock price due to strategic acquisitions and mineral expansions. These moves have enhanced the company's growth potential, attracting positive market reactions and driving investor confidence.

Additionally, the company's strong quarterly earnings report has further fueled the upward momentum. The positive financial performance has reinforced investor optimism, contributing to the stock's recent gains.

Investors have been actively repositioning their portfolios in anticipation of the company's upcoming earnings release on July 21, 2025. This strategic repositioning has led to a notable increase in the stock price as investors seek to capitalize on potential future growth.

Unusual option volume trading and a bullish sentiment in the option order flow have also played a role in the stock's recent performance. The heightened trading activity and positive market sentiment have added to the upward pressure on Cleveland-Cliffs' stock price, further driving its upward trajectory.