Why Cleveland-Cliffs Surged Another 32.2% in December
Shares of Cleveland-Cliffs (NYSE: CLF) rose 32.2% in December, according to data provided by S&P Global Market Intelligence.
It's been a wild end of the year for Cleveland-Cliffs, which saw a 29% rise in October and then a 33% rise in November before increasing yet another 32.2% in December. It turns out the bold bets Cliffs has made in the steel segment over the past year were incredibly well timed.
Cleveland-Cliffs stock has doubled in the fourth quarter. Image source: Getty Images.
Source Fool.com
