Fermi is trading at $2.33 (-10.92%); the immediate catalyst for the November 2 decline remains unconfirmed.
- At its annual meeting, the company discussed Project Matador progress and a shift toward powered-land leasing; shareholders did not approve two director nominees.
- The report does not establish that meeting news caused the drop. Major U.S. indexes were higher, and no clear company-specific or sector catalyst has been confirmed.