🟢 Cleveland-Cliffs is trading 5% up today as it rebounds from recent lows

Cleveland-Cliffs is trading 5% up today at $9.85 as it rebounds from last Friday’s close of $9.40 in what appears to be a short-term bounce.

• The upward move occurs despite a lack of fresh company-specific news or catalysts to drive the price action today.
• The stock is recovering from recent pressure following a July 10 report where Wells Fargo cut its price target to $9 from $14, citing broader steel sector headwinds.