EVP Koci Keith buys 9,500 CLF shares at $10.82; stock down 52.5% from 52-week high amid -12.8% revenue decline and full-year unprofitability.
Koci Keith, EVP & President of CC Services, purchased 9,500 shares of Cleveland-Cliffs at $10.82 on 2025-02-28, adding 1.8% to his 543.5K-share position. The purchase occurred while the stock trades 52.5% below its 52-week high of $22.83 and while Cleveland-Cliffs faces significant operational headwinds: full-year net income was negative at $-242.0M, revenue contracted 12.8% year-over-year, and the company remains unprofitable. In his cross-ticker track record, Koci's prior buy generated a 90-day return of +16.3%, and his same-ticker CLF purchase from April 2023 was well-timed (the stock subsequently rose 16.3% over 90 days). The current purchase occurs against a backdrop of negative momentum: the stock is down 12.9% over 90 days, though up 5.8% over the past 30 days, signaling potential recovery attempts in a structurally challenged environment.