USEC STOCK CONTINUES TO SURGE

USEC’s share price continued to surge Friday, going from a low of $14.18 and hitting a peak of $22.54. The share price closed the day at a new high for the year of $19.21. This comes after USEC hit a low of $2.60 earlier in the month and saw its share price more than double early last week. Friday’s boost led to a third call from the New York Stock Exchange in the span of a week regarding “unusual market activity.” USEC has declined to comment on its share price. But analysts have pointed to last week’s elections in Japan, which saw support of pro-nuclear politicians, combined with a “short squeeze” in which there was low share supply following USEC’s reverse stock split early this month.