Top Brass Top Buys: Executive Vice President and President of CC Services, Koci’s $225,000 Bet on CLF

A the company’s senior management tends to have the best view inside the company, so when company executives make major purchases, investors are wise to take this into account. Presumably the only reason an insider would take their hard-earned money and use it to buy stock in their company on the open market is because they expect to make money – perhaps finds Does he have the stock very undervalued, or maybe he sees exciting progress within the company, or maybe both. So, in this series, we look at the biggest insider buys by top brass over the six-month period, one of which was a total of $225,000 invested in 2 buys by Keith Koci, vice -Executive Chairman and President, CC Services at Cleveland-Cliffs Inc (Symbol: CLF).

Bought Initiated Title Shares Price/Share Assess
04/26/2022 Keith Koci Executive Vice President and President, CC Services 4,500 $27.14 $122,107.50
05/11/2022 Keith Koci Executive Vice President and President, CC Services 4,600 $22.38 $102,939.72

Koci’s average cost is $24.73/share. In Tuesday’s trading, bargain hunters could buy shares of Cleveland-Cliffs Inc (Symbol: CLF) and hit a lower cost base than Koci, with shares changing hands as low as $22.82 per share. Shares of Cleveland-Cliffs Inc were changing hands at $23.71 at last check, trading up about 1.7% on Tuesday. The chart below shows the one-year performance of CLF stock, compared to its 200-day moving average:

Looking at the chart above, CLF’s low point in its 52-week range is $15.81 per share, with $34.04 as its 52-week high – compare with a last trade of 23.71 $.

Click here to find out which other top insider buys by the ”top brass” you need to know »

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