6 Red Days In A Row: Cameco Stock Is Down 19%
Cameco (CCJ) stock is on a 6-day losing streak, down 18.5% since the run began. That erased about $6.8 billion from the company’s market value, which now stands at about $29.8 billion. The stock closed at $68.33 on Thursday, November 5, its lowest close of the past year.
How The Streak Stacks Up Against The S&P 500
Returns for CCJ and the S&P 500 over the streak and the periods around it, all ending Thursday, November 5 and including dividends:
| Return Period | CCJ | S&P 500 |
|---|---|---|
| 1 Day | -4.7% | -4.4% |
| 6 Days (Current Streak) | -18.5% | -5.0% |
| 1 Month (21 Trading Days) | -23.3% | -5.7% |
| 3 Months (63 Trading Days) | -29.8% | -5.0% |
| Year To Date | -25.3% | 8.4% |
| 1 Year (252 Trading Days) | -29.3% | 9.9% |
How The Streak Compares With The Market
The market explains little of this: the S&P 500 lost 5.0% over the same 6 sessions, including dividends, against Cameco’s -18.5%. Over the past three months the stock is down 29.8%, a window that includes the streak; over the other 57 sessions of that window it was down 13.9%.
Is The Business As Weak As The Stock?
On the fundamentals, revenue grew 0.4% over the last twelve months, against a median of 17.3% for S&P 500 Energy stocks; its operating margin is 14.4%, versus a median of 23.8%; and the stock trades at 74.8 times trailing earnings against a median of 13.4. The read is mixed.
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A Slide Like This Is Why Diversification Exists
Watching one stock fall day after day is the clearest lesson the market teaches about single-name risk. Whether this particular decline is an opportunity or a warning, the deeper point is the same: no one name should be able to do this to your portfolio.
The Trefis High Quality (HQ) Portfolio is built on that principle: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Study the slide; spread the risk.