shares of clevelandcliffs  the largest flatrolled steel producer in north america have slid in recent weeks and chairman president and ceo lourenco goncalves bought a large block of shares clevelandcliffs stock ticker clf had started the year strong in february the company reported a fourthquarter loss that was less than analysts’ estimates although sales came in light on march 3 goncalves hailed a preliminary vote by the international trade commission viewing it as progress “to remedy surging imports of dumped and subsidized tin mill products in the us market” soon after that preliminary vote however clevelandcliffs stock began to slip shares still ended the first quarter with a 14 gain but so far in the second quarter they are down 20 strong firstquarter earnings reported at the end of april helped to halt the slide but shares have essentially been treading water since goncalves paid 15 million on april 27 for 100000 shares an average price of 1496 each he now owns 25 million shares in a personal account and another three million shares in a trust according to a form he filed with the securities and exchange commission clevelandcliffs didn’t respond to a request to make goncalves available for comment on his stock purchase goncalves who has been heading the company since august 2014 last bought clevelandcliffs stock on the open market in december 2021 when he paid 988250 for 50000 shares an average price of 1977 each inside scoop is a regular barron’s feature covering stock transactions by corporate executives and board members—socalled insiders—as well as large shareholders politicians and other prominent figures due to their insider status these investors are required to disclose stock trades with the securities and exchange commission or other regulatory groups write to ed lin at edwardlinbarronscom and follow barronsedlin