Oklo (NYSE:OKLO) Shares Down 2.7% - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report) shares were down 2.7% during trading on Monday . The stock traded as low as $17.14 and last traded at $18.03. Approximately 3,853,805 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 5,824,111 shares. The stock had previously closed at $18.53.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OKLO. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price for the company. Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a report on Friday, September 6th.

Oklo Price Performance

The stock has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $12.22.

Institutional Investors Weigh In On Oklo

A number of large investors have recently modified their holdings of OKLO. Barclays PLC bought a new stake in shares of Oklo during the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo during the third quarter valued at $94,000. Peapack Gladstone Financial Corp bought a new stake in shares of Oklo during the 3rd quarter valued at $100,000. Sanctuary Advisors LLC purchased a new stake in shares of Oklo in the 3rd quarter worth about $100,000. Finally, MML Investors Services LLC bought a new position in shares of Oklo in the 3rd quarter worth about $104,000. Institutional investors own 85.03% of the company's stock.

Oklo Company Profile

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.