🔴 Cleveland-Cliffs Inc is trading 5.1% down today after CFO sells more than half his holdings

Cleveland-Cliffs Inc is trading at $12.84 (-5.10%) as the stock faces significant pressure following a major insider sale and a weak market open.

• CFO Celso L. Jr. Goncalves reportedly sold more than half of his holdings on June 5, serving as a primary company-specific catalyst for the decline.
• The current drop extends a period of weak momentum, following a -6.24% loss during the previous session on June 5.
• The downward move is notably stock-specific, as the broader markets are currently trading higher.