Insider Buying Alert: CEOs Are Buying These 5 Stocks

3. Cleveland-Cliffs Inc (NYSE:CLF)

Number of Hedge Fund Investors: 39

Ohio-based mining company Cleveland-Cliffs Inc (NYSE:CLF) is one of the stocks that saw insider buying from CEOs recently. On May 1, Cleveland-Cliffs Inc’s (NYSE:CLF) CEO Lourenco Goncalves bought 60,000 shares of Cleveland-Cliffs Inc (NYSE:CLF) at $16.76 per share. Since then the stock has gained about 5%. The total worth of this transaction was about $1 million. The transaction came after Cleveland-Cliffs Inc (NYSE:CLF) posted weak quarterly results on April 22. Adjusted EPS in the quarter came in at $0.18, missing estimates by $0.04. Revenue in the quarter fell 1.9% year over year to $5.2 billion, missing estimates by $130 million.