Oklo Inc. (NYSE:OKLO - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,879,625 shares changed hands during trading, a decline of 32% from the previous session's volume of 5,700,724 shares.The stock last traded at $21.16 and had previously closed at $22.23.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price on the stock. Finally, Seaport Res Ptn upgraded Oklo to a "hold" rating in a research note on Friday, September 6th.
View Our Latest Stock Analysis on Oklo
Oklo Stock Performance
The firm's 50 day moving average is $17.54 and its 200 day moving average is $11.40.
Institutional Trading of Oklo
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in shares of Oklo in the third quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo in the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp purchased a new stake in Oklo during the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC bought a new stake in Oklo during the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC purchased a new position in Oklo in the third quarter worth about $104,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Company Profile
(
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.
Further Reading
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