Steel maker Cleveland-Cliffs (CLF) has been caught up in the meme craze, grabbing the interest of retail traders. On June 21, its shares increased almost 3% to close at $20.87. The stock has rallied 265.5% over a year and jumped 44.7% year-to-date. Cleveland-Cliffs has a diversified product portfolio and is betting on higher steel and iron ore prices. The buyout of AK Steel and ArcelorMittal USA has helped the company to become the largest flat-rolled steel producer in North America. With a market capital of $10.4 billion, Cleveland-Cliffs shares have gained 12.5% in the past month, and 50.9% over the past six months.
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Cleveland Cliffs (NYSE:CLF)
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Cleveland Cliffs (NYSE:CLF)
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From Sep 2020 to Sep 2021 Click Here for more Cleveland Cliffs Charts.