Archived explainer. For the current picture see today's CLF page.
Why Is CLEVELAND-CLIFFS INC (CLF) Stock Up Today?
By the Top Tier Newswire AI Desk · October 19, 2026 at 9:34 AM ET · reviewed against 19 wire stories
CLEVELAND-CLIFFS INC (CLF) is up +16.63% in the latest session. Our newswire has captured 19 stories on CLF across 13 sources in the last 36 hours, with AI sentiment reading bullish (avg 61/100).
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Cleveland-Cliffs (CLF) shares rose 16.63% to $14.14 following the release of third-quarter 2026 results. The primary driver was a sharp turnaround in profitability, with the company reporting its strongest quarter in three years and issuing a bullish outlook for 2027.
What Happened
Cleveland-Cliffs reported third-quarter 2026 revenues of $5.6 billion and steel shipments of 4.2 million tons. The company posted a GAAP net income of $165 million, marking a significant shift from a loss in the second quarter. Adjusted EBITDA reached $612 million, exceeding the company’s internal guidance. Management stated that 2027 is expected to be the best year for the firm since 2021. The stock had been trading in a narrow range over the previous eight sessions, moving up 3.7% from $12.06 to $12.51 before the announcement.
What The Data Shows
The stock opened at $13.75, a 13.4% gap up from the prior close of $12.12. The session high reached $14.58 at 9:30 AM ET, while the low was $13.33 at 8:20 AM ET. Volume stood at 6.8 million shares, which is 0.4 times the three-month daily average. The company’s market capitalization is $6.9 billion, with a beta of 2.09. Trailing twelve-month revenue increased by 4.0%, while the net margin remains negative at 4.6%. The 52-week range spans from $7.73 to $16.70. Unusual options activity included one notable print with $1.3 million in put premium and no call premium. Retail traders on r/wallstreetbets had anticipated strong earnings, describing the report as a monster.
What To Watch
Investors will monitor the company’s execution against its 2027 EBITDA outlook. The stock’s high beta suggests continued volatility as it trades near its 52-week high.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
CLF · today's session (5-min) · +15.69% vs prior close · updated 2:14 PM ETAI sentiment, last 36h · averaged over 19 stories · 61/100 bullish
The headlines behind the move
Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline
5h agoTipRanksBULLISH 67Earnings
Cleveland-Cliffs Delivers Strong Turnaround in Third-Quarter 2026 Results
The latest update is out from Cleveland-Cliffs ( ($CLF) ). Cleveland-Cliffs reported third-quarter 2026 revenues of $5.6 billion and steel shipments of 4.2 million ...
5h agoInvesting.com MarketsBULLISH 58General
Cleveland Cliffs stock setup and outlook after earnings-led rally
Cleveland Cliffs stock setup and outlook after earnings-led rally
5h agoThe FlyBULLISH 64General
Cleveland-Cliffs says expects 2027 to be best year since 2021
5h agoThe FlyBULLISH 74Earnings
Morning Movers: Cleveland-Cliffs surges following third quarter earnings report
6h agoBloombergNEUTRAL 50General
US Stock Futures Today: Cleveland-Cliffs, Disc, Nvidia, Silgan
6h agoCNBCNEUTRAL 50General
Stocks making the biggest moves premarket: Cleveland-Cliffs, Intel, Datadog, Amazon & more
These are the stocks posting the largest moves premarket.
6h agoInvestors.comBULLISH 64Earnings
CLF Stock Flashes Buy Signal On Steelmaker's Massive $4 Bil Outlook
CLF stock surged as the steelmaker turns profitable and delivers a huge outlook for 2027 EBITDA.
7h agoMarketChameleonBULLISH 74Earnings
Cleveland-Cliffs (CLF) posts its strongest quarter in three years as adjusted EBITDA tops guidance
October 19, 2026
Cleveland-Cliffs reported third-quarter 2026 revenue of $5.6 billion and GAAP net income of $165 million, marking a sharp turnaround from a GAAP loss in Q2 2026. Adjusted EBITDA reached $612 million, above the company’s prior $575 million guidance, and management guided to approximately $715 million for Q4 2026 while stating it expects 2027 adjusted EBITDA to exceed $4 billion.
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