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Why Cleveland-Cliffs Stock Popped Today

TheMotleyFool

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Steelmaker and mining company Cleveland-Cliffs (NYSE: CLF) reported third-quarter earnings today, but those results aren't what has the stock popping. Shares were trading at session highs, up by 24.5% as of 11:10 a.m. ET.

The company reported a net loss and a drop in revenue from the previous quarter. But two items of note came from the release that piqued investor interest.

Image source: Getty Images.

Source Fool.com

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