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Cameco on CNBC Fast Money
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Cameco on CNBC Fast Money
Cameco mentioned on CNBC Fast Money on Monday evening. Did this pop the stock?
On Monday evening CNBC Fast Money panelist/trader Jeff Macke commented that he liked Cameco during the pops and drops segment of the show. From the CNBC website;
Cameco Corp. (CCJ) popped 5%. RBC Capital maintained its ‘Outperform’ rating on the company citing its acquisition of a 24% interest in global laser enrichment. – The energy sector is hot right now, explains Jeff Macke
The entire recap can be found here: Cameco Corp on CNBC Fast Money
Cameco opened up at $39.08, up 10 cents from its previous close of $38.98. The shares continued to rise during the session, falling just short of the $40 mark at a high of $39.98. Wednesday’s session found the stock falling back down, settling at a $38.54 close. A read on any volume spike due to the show is difficult to ascertain due to the positive news that popped the stock in the first place. We will keep our eyes and ears on CNBC over the course of the next week to see if Cameco is brought up again.