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Cleveland-Cliffs Stock Plummets 12.67% Amid Legal Scrutiny and Trading Volume Surge to 268th Position
Generated by AI AgentAinvest Volume Radar
Friday, May 23, 2025 8:08 pm ET1min read
On May 23, 2025,
(CLF) experienced a significant decline, with its stock price dropping by 7.03% over the past three days, marking a total decrease of 12.67%. The trading volume for the day was 3.04 billion, a substantial increase of 100.27% compared to the previous day, placing it at the 268th position in terms of trading volume for the day.Cleveland-Cliffs Inc. is currently under investigation by several law firms, including
& Korsinsky and The Schall Law Firm, due to allegations of possible securities fraud. The investigation was triggered by the company's recent disclosure of an 11% revenue decline, which has raised concerns among investors.Bronstein, Gewirtz & Grossman, LLC has also initiated an investigation into allegations against Cleveland-Cliffs Inc. and is encouraging investors to come forward with any relevant information. The Law Offices of Frank R. Cruz has similarly announced a securities fraud investigation into the company and is urging investors who have lost money to contact them.
The wave of negative updates over the past 24-36 hours has put downward pressure on Cleveland-Cliffs' shares, contributing to the recent decline in its stock price. The company is facing legal scrutiny and market tremors, which have led to increased volatility in its stock performance.
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