Why Cameco Stock Dropped Suddenly on Monday

Uranium prices are up significantly — but how much longer can that last?

What happened

Shares of uranium giant (and joint owner of Westinghouse Electric Company ) Cameco ( CCJ -5.22%) have been on a tear these past three months, surging by 34% from early July through Friday’s close.

On Monday, however, these shares took a breather from their long run upward, and were down by 5.2% as of the close of trading.So what’s worrying Cameco investors? The good news is that there’s no bad news — yet. The bad news is that bad news for nuclear energy stocks could be just around the corner. NYSE: CCJ CamecoToday’s Change(-5.22%) -$2.07Current Price$37.57 CCJ Key Data Points Market Cap$23BDay’s Range52wk RangeVolume11,284,6614,389,170Gross Margin11.90%Dividend Yield So what Cameco stock’s surge has accompanied — and indeed, ridden — a rising wave of higher prices for the uranium it mines. From early July through Friday’s […]

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