Fermi Inc. is trading at $6.67 (-4.03%) after a sharp move lower as investors take profits following a recent rally driven by activist interest.
- The stock previously surged 22.6% on June 10, a move triggered by Toby Neugebauer’s activist proxy campaign and push for a strategic review.
- Market analysts view the current pullback as a reversal from an extended strong run rather than a reaction to a new company-specific event.