Director Edilson Camara completed an insider purchase of Cleveland-Cliffs INC common stock on February 13, 2026, acquiring 19,700 shares for a total outlay of $199,626. The transaction was executed at a weighted average price of $10.1333 per share, with individual trades ranging from $10.12 to $10.14.
The timing of the purchase coincides with elevated share-price volatility: the stock declined by nearly 27% over the prior week. At the time of reporting, the market price of $10.65 stands modestly above the director’s weighted average purchase price.
Following the transaction, Camara’s direct ownership in Cleveland-Cliffs totals 41,983 common shares.
Financial indicators for the company remain challenged. Over the last twelve months, Cleveland-Cliffs reported negative earnings of -$2.90 per share. Most recently, the company released fourth-quarter 2025 results showing an adjusted loss per share of $0.43, which was a narrower loss than the $0.56 expected by consensus estimates. Revenue for the quarter was $4.31 billion, however, falling short of the anticipated $4.58 billion.
Those quarterly results fed into analyst reassessments. BofA Securities reduced its price target on Cleveland-Cliffs from $14.50 to $13.00 while retaining a Neutral rating. The firm attributed the shortfall in adjusted EBITDA relative to its and consensus expectations largely to lower shipments during the period.
The combination of a director purchase, recent earnings detail and revised analyst outlook provides several strands for investors to weigh. The insider purchase represents an increase in direct shareholding by a board member, while the underlying operating results point to pressures on volumes and margins that influenced professional forecasts.
Context and implications
- The purchase size and price range are precise: 19,700 shares at a weighted average of $10.1333, with trade prices between $10.12 and $10.14, totaling $199,626.
- Recent reported operating metrics include a trailing twelve-month EPS of -$2.90 and a fourth-quarter adjusted EPS loss of $0.43 versus an expected $0.56, alongside a revenue miss: $4.31 billion reported versus $4.58 billion expected.
- Analyst reaction included a price-target cut from $14.50 to $13.00 by BofA Securities, which remained Neutral and cited lower shipments as a primary driver of the EBITDA shortfall.