Stock Market & Financial Investment News

News Breaks February 13, 2013 06:08 EDT CLF Cliffs Natural files to sell stock and mandatory convertible preferred shares Cliffs Natural files to sell 9,000,000 of its common shares, par value $0.125 per share and 20,000,000 of its depositary shares, each representing a 1/40th interest in a share of its new mandatory convertible preferred stock, Class A $1,000 liquidation preference per Mandatory Convertible Preferred Share in separate registered public offerings. J.P. Morgan and BofA Merrill Lynch are serving as joint book-running managers for the Common Shares Offering and the Mandatory Convertible Preferred Shares Offering News For CLF From The Last 14 Days Check below for free stories on CLF the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 17, 2013 12:10 EDT CLF Stocks with call strike movement; AMD CLF Subscribe for More Information May 15, 2013 11:55 EDT CLF Stocks with call strike movement; FSLR CLF RT Options Scanner shows First Solar (FSLR) June 60 call option implied volatility decreased 3% to 57, Cliffs Natural (CLF) June 24 call option implied volatility increased 3% to 55 according to IVolatility. May 14, 2013 11:56 EDT CLF Stocks with call strike movement; FSLR CLF Subscribe for More Information May 13, 2013 12:06 EDT CLF Stocks with call strike movement; CLF NFLX Subscribe for More Information May 9, 2013 11:47 EDT CLF Stocks with call strike movement; CLF AMD Subscribe for More Information May 8, 2013 11:25 EDT CLF Cliffs Natural May weekly volatility elevated on wide price movement Cliffs Natural May weekly call option implied is at 60, May traditionals are at 49, June, July and October is at 49; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement. May 6, 2013 10:49 EDT CLF Cliffs Natural rallies after analyst raises stock to Outperform Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. 10:11 EDT CLF Cliffs Natural rises after upgrade, levels to watch Subscribe for More Information 10:04 EDT CLF On The Fly: Analyst Upgrade Summary Subscribe for More Information 09:18 EDT CLF On The Fly: Pre-market Movers Subscribe for More Information 06:31 EDT CLF Cliffs Natural upgraded to Outperform from Market Perform at FBR Capital Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.