Why Cleveland-Cliffs Stock Crashed Today
Shares of steelmaker and miner Cleveland-Cliffs (NYSE: CLF) plunged as much as 25% today after a disappointing fourth-quarter report. The news wasn't all bad, however. Shipments are expected to grow this year for Cliffs and other steel companies.
Today's news came after the stock had soared 50% over the past six months. Cliffs shares recovered from the early plunge, but were still 19.9% lower as of 11:35 a.m. ET.
Source Fool.com
