Oklo Inc. (NYSE:OKLO - Get Free Report) traded up 4.7% during trading on Wednesday . The company traded as high as $21.20 and last traded at $21.08. 3,403,246 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 5,732,734 shares. The stock had previously closed at $20.13.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on OKLO shares. Citigroup cut their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. B. Riley assumed coverage on Oklo in a research report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price on the stock. Finally, Seaport Res Ptn raised Oklo to a "hold" rating in a research report on Friday, September 6th.
Check Out Our Latest Stock Report on OKLO
Oklo Trading Up 0.9 %
The business has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $11.56.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Oklo during the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo in the 3rd quarter worth approximately $94,000. Peapack Gladstone Financial Corp bought a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $104,000. 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.
Further Reading
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