Breaking Finance News

BREAKING- USEC Down more than 5 Percent in Premarket Trading

Shares of USEC (NYSE: USU) are down more than 5 percent in premarket trading Tuesday.

Monday evening, Breaking Finance News reported that a Seeking Alpha article may be a catalyst for profit taking in the uranium processor. USEC is up more than 300 percent in the past week and 500 percent in the past two weeks. The $142 million company is said to be in the uranium refining business but the Seeking Alpha article points out that its only source of income is now a centrifuge project that is already outdated.

[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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