Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price fell 1.7% on Wednesday . The stock traded as low as $18.53 and last traded at $18.78. 28,942,792 shares were traded during trading, an increase of 388% from the average session volume of 5,929,507 shares. The stock had previously closed at $19.10.
Wall Street Analysts Forecast Growth
OKLO has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. B. Riley began coverage on shares of 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 raised shares of Oklo to a "hold" rating in a report on Friday, September 6th.
View Our Latest Analysis on Oklo
Oklo Stock Down 3.8 %
The stock's fifty day moving average is $20.26 and its 200-day moving average is $12.33.
Institutional Investors Weigh In On Oklo
Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. Barclays PLC bought a new stake in Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo during the third quarter valued at about $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo in the 3rd quarter valued at approximately $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo during the 3rd quarter worth 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. 85.03% of the stock is owned by institutional investors and hedge funds.
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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