Fermi Inc. is trading at $6.54, down 5% today on profit-taking following a sharp 22.6% rally driven by a proxy campaign for board changes.
- Co-founder and former CEO Toby Neugebauer is seeking a strategic review, including potential sale or partnership options, which sparked the initial surge.
- The stock has seen intense social media interest and speculation surrounding its AI-focused Project Matador.
- Today's pullback is viewed as a typical consolidation of gains after the outsized move recorded on June 10.