
Shares of Cameco (NYSE: CCJ) ignited at the end of October, stunning the market with a single-day surge of over 23% to an all-time high of $110.16. This move capped an already stellar year in which the stock has climbed over 100%.
The catalyst was not a typical earnings beat or a commodity price spike; it was a foundational shift in U.S. energy policy. Trading volume exploded to 24.68 million shares (more than five times the daily average) as a wave of investor conviction signaled this was no ordinary event.