Director Edilson purchases 19.7K shares of CLF at $10.13; holdings increase 88.4% to 42.0K shares
Director Camara Edilson purchased 19,700 shares at $10.13 on 2026-02-13, expanding his position from 22,283 shares to 41,983 shares—an 88.4% increase in holdings. This transaction occurs as the stock trades at $10.38, currently 35.8% below its 52-week high of $16.18 and down 25.6% over the past 30 days. The timing coincides with material operational headwinds: the company reported negative net income of $-251,000,000.00 in the latest quarter, annual revenue declined 3.0% year-over-year, and the company was unprofitable over its most recent full fiscal year. The substantial increase in his proportional stake—doubling his holdings—during a period of negative earnings and recent sharp price declines warrants examination of whether the director perceives value at current levels or whether other factors motivated the purchase.