Cleveland-Cliffs Options Activity Suggests Market Optimism

Cleveland-Cliffs sees bullish options activity. Recent trading indicates a rising sentiment with expert price targets averaging $12.97, reinforcing investor confidence in the stock's potential.

Date: 21-03-2025

AI Rating: 7

Options Activity: Recent options trades for Cleveland-Cliffs (NYSE: CLF) sum up to significant amounts, indicating strong market interest. With $372,149 in trades detected by the options scanner and a mean open interest of 7367.33, investors are showing notable engagement.

Price Targets: Analysts have given bullish ratings with an average target price of $12.97. This reflects a strong optimism about its future performance. Notable price targets include $12 from GLJ Research, $11 from Seaport Global, and $15 from Goldman Sachs.

Current Performance: Despite a current trading price of $9.24, which is down by -3.04%, the projected price targets suggest potential upside. The stock is approaching oversold territory, adding to the optimism for a rebound.

Impact on Stock Prices: Given the bullish sentiment reflected in the options activity and the positive analyst ratings, this could positively influence stock prices moving forward. The interest in options and the expected price volatility can attract more investors, potentially contributing to an upward pressure on the stock price.

Stocks: CLF