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Why Cleveland-Cliffs Stock Crashed Today

TheMotleyFool

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Why Cleveland-Cliffs Stock Crashed Today: https://g.foolcdn.com/editorial/images/855479/stocks-crashing.jpg

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

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