Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 4,778,175 shares were traded during mid-day trading, a decline of 21% from the previous session's volume of 6,013,948 shares.The stock last traded at $20.70 and had previously closed at $18.38.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Wedbush started coverage on Oklo in a research report on Thursday. They set an "outperform" rating and a $26.00 target price for the company. Citigroup lowered their price objective on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research note on Friday, September 6th. Finally, B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a "buy" rating and a $10.00 price target for the company.
Read Our Latest Stock Analysis on Oklo
Oklo Stock Up 14.0 %
The stock's 50 day moving average is $20.26 and its two-hundred day moving average is $12.33.
Institutional Trading of Oklo
A number of hedge funds have recently bought and sold shares of OKLO. Peapack Gladstone Financial Corp purchased a new position in shares of Oklo in the 3rd quarter valued at $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo in the 3rd quarter valued at about $100,000. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter worth approximately $58,000. Geode Capital Management LLC bought a new position in shares of Oklo during the 3rd quarter worth approximately $5,971,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the third quarter valued at approximately $94,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
About Oklo
(
Get Free Report)
Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.
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