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Cleveland-Cliffs Inc. (NYSE:CLF) Executive Vice President and Chief Legal Admin & Secretary, James D. Graham, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Graham sold 120,000 common shares on May 23, 2025. The shares were sold at a weighted average price of $6.8503, with transactions occurring between $6.85 and $6.86 per share. This sale amounted to a total value of approximately $822,036. Following this transaction, Graham holds 492,248.792 shares directly. While this insider sale might raise concerns, InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 12 additional ProTips available to subscribers, including insights on management’s share buyback activities and the company’s financial health metrics.
In other recent news, Cleveland-Cliffs Inc. reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of -$0.92, which fell short of analyst expectations of -$0.67. Revenue for the quarter was $4.63 billion, slightly below the forecasted $4.68 billion. S&P Global Ratings has revised the outlook for Cleveland-Cliffs to negative, while maintaining the ’BB-’ issuer credit rating, due to weaker earnings and increased debt levels following the Stelco (TSX:STLC) acquisition. The company is projected to have a high leverage ratio in fiscal 2025, with expectations for improvement in 2026 as operational efficiencies are realized. During its recent Annual Meeting, Cleveland-Cliffs shareholders re-elected all board nominees and approved executive compensation. Additionally, the company plans to streamline operations by idling non-core assets, which is expected to yield cost savings of about $300 million annually. Cleveland-Cliffs also announced new multi-year contracts with automotive manufacturers, aiming to regain market share, albeit at lower prices than previous agreements.
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