🔴 Cameco Corp is trading 5% down today as investors lock in gains after recent uranium rally

Cameco Corp is trading 5% down at $97.15 as the stock continues to retreat following last week’s sharp uranium rally.

• Recent commentary points to profit-taking and a broader risk-off tone in uranium names rather than any new company-specific developments.
• The move comes amid sector-wide volatility and cautious macro sentiment regarding inflation and interest rates as major indices also trend lower.