CCJ · PEAD ↓ 100

Cameco reported Q3 2026 EPS of $0.05 on 2026-10-30, missing the $0.23 consensus by $0.18 (–78.3%).

Print-day reaction was –7.9% versus the prior close of $83.49, with the stock gapping sharply lower at the open and finding only partial recovery to $76.91 by the close. The overnight gap to the T+1 open added a marginal +0.7%, offering no meaningful relief after the initial sell-off. Over the following two trading days (T+1 through T+3) the price drifted a further –2.3%, confirming the absence of any bounce and deepening the drawdown to a total 3-day return of –14.1%. Cumulative abnormal return of –13.9% versus SPY.US places this firmly in PEAD short territory, with the drift confirming rather than reversing the initial reaction; the holding window runs through 2027-01-27.