InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,121.83
(
1.14%
)
US TECH 100
17,396.80
(
1.88%
)
Dow Jones
38,664.68
(
1.15%
)
Brent Oil
83.21
(
-0.51%
)
Bitcoin
61,820.30
(
4.57%
)
Post# of 29289
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

winchem21

Send PM Follow Ignore
Followers 9
Posts 207
Boards Moderated 0
Alias Born 01/31/2003

winchem21

Member Level

Re: DewDiligence post# 25083

Wednesday, 01/05/2022 12:53:49 PM

Wednesday, January 05, 2022 12:53:49 PM

Post# of 29289
All the steel stocks are further surging today after yesterday’s strong gains. Nucor and Steel Dynamics up nearly 7%, US Steel up over 5% today. Strong auto sector news pushing this.

CLF also has a 38 million share convertible redemption on Jan 18 and holders have option to cash in before to prevent CLF from buying them out using the 25-day VWAP which was $20.469 going into today (vs the over $24 current SP). They may be trying to push the stock higher as well…

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up