Breaking Finance News

BREAKING- USEC Down 23 Percent in Early Trading (USU, URRE)

Shares of USEC, Inc (NYSE: USU) are down 23 percent in early trading Tuesday following a Seeking Alpha article that claimed the company had no real income stream. Breaking Finance News covered this story Monday night and followed it through Tuesday’s open noting weakness in the stock in premarket trading.

The stock was overdue for profit taking after rising more than 300 percent in the past week.

Uranium Resources (NASDAQ: URRE) is down 15 percent Tuesday, trading in tandem with USEC. Both have seen buying interest after short covering as a result of bullish sentiment in the nuclear industry. Specifically, the idea that Japan may begin to revitalize its nuclear power program.

[stock-tools exchange="NYSE" symbol="USU" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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