Replies to post #8698 on Cleveland Cliffs Inc (CLF)

[DewDiligence]

One CLF director, Douglass Taylor, went against the grain and sold $500K worth of stock two days ago:

https://www.sec.gov/Archives/edgar/data/764065/000076406524000152/xslF345X05/wk-form4_1718317004.xml

Taylor still owns >100,000 shares (~$1.5M worth).

[DewDiligence]

CLF insiders were actively buying shares on the open market only one month before the announcement of the Stelco deal, which is rather surprising—and patently bullish.

[DewDiligence]

CLF independent director bought $116K of stock today on the open market:

https://www.sec.gov/Archives/edgar/data/764065/000076406524000169/xslF345X05/wk-form4_1722539569.xml

The director who bought today, John Baldwin, also bought $1M worth of stock on 6/13/24 (#msg-174593789).

Recap—CLF has had six insider buys since 5/1/24 totaling $2.6M of stock: $1M by the CEO (#msg-174587787); $100K by the CFO (#msg-174587787); and four purchases of a cumulative $1.5M by independent directors (#msg-174593789, #msg-174595056, and today’s transaction).