Fervo Energy is trading 5.34% lower now at $11.34 amid broader market pressure following hotter-than-expected September inflation.
- Reuters reported annual CPI of 3.7%, versus a 3.6% forecast; U.S. stocks were headed lower, with interest-rate-sensitive shares under pressure.
- No new company announcement clearly explains the October 14 move. Morpheus Research’s October 6 allegations and subsequent law-firm investigations predate this session and do not establish a fresh catalyst.