Cliffs Natural Stock Falls On Unusually High Volume (CLF)
Cliffs Natural Resources (NYSE:CLF) is trading at unusually high volume Friday with 16.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 61 cents (-2.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Cliffs Natural Resources (NYSE: CLF) is trading at unusually high volume Friday with 16.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 61 cents (-2.1%) at $28.87 as of 1:11 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Cliffs Natural has a market cap of $4.17 billion and is part of the basic materials sector and metals & mining industry. Shares are down 24.1% year to date as of the close of trading on Thursday. Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. TheStreet Ratings rates Cliffs Natural as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full Cliffs Natural Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.