Centrus Energy’s Nuclear High Fades: LEU Stock Plummets 20% After 400% Rally – What’s Going On?
Centrus Energy shares plunged nearly 21% on October 22, closing around $300 after hitting a record intraday high near $464 just days earlier. The stock, up over 400% year-to-date, tumbled as traders took profits and concerns rose over valuation and dilution from a recent $700 million convertible note deal.