Cleveland-Cliffs is a flat-rolled steel producer in North America. Co. is a supplier of iron ore pellets in North America. Co. primarily operates through one reportable segment, which operates as a flat-rolled steel producer supported by being the iron ore pellet producer as well as a prime scrap processor in North America, primarily serving the automotive, infrastructure and manufacturing, and distributors and converters markets. Co.'s Other Businesses primarily include the operating segments that provide customer solutions with carbon and stainless steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components, and assemblies. We show 58 historical shares outstanding datapoints in our CLF shares outstanding history coverage, used to compute CLF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CLF market cap history over the course of time is important for investors
interested in comparing CLF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CLF versus a peer is one thing; comparing
CLF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CLF can fluctuate over the course of history.
With this page we aim to empower investors researching CLF by allowing them to research the CLF market cap history. |
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Video: The Importance of Market Cap
