Previous close | 1.7400 |
Open | 1.6900 |
Bid | 1.5100 |
Ask | 1.5500 |
Strike | 22.00 |
Expiry date | 2025-06-20 |
Day's range | 1.6900 - 1.7400 |
Contract range | N/A |
Volume | |
Open interest | 1.6k |
CLEVELAND, May 21, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) today addressed the inaccurate allegations published by the U.S. Steel Board on May 21, 2024, regarding its doomed attempt to sell its company to a foreign buyer without Union support.
Jefferies analyst Christopher LaFemina initiates coverage of U.S. Steel with a Buy rating and a $45 price target. He also rates Cleveland-Cliffs shares at Buy.
Nippon Steel's deal to buy U.S. Steel has "zero chance" of winning government approval amid continued opposition from the United Steel Workers union and "needs to be unraveled," the CEO of rival suitor Cleveland-Cliffs said on Tuesday. Lourenco Goncalves told reporters at the American Iron and Steel Institute's annual meeting that his bid had the full support of the U.S. government, President Joe Biden, a Democrat who wants U.S. Steel to remain American owned, and Republican presidential candidate Donald Trump.