Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) were up 3.2% during trading on Thursday . The stock traded as high as $21.28 and last traded at $18.96. Approximately 12,028,329 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 6,049,739 shares. The stock had previously closed at $18.38.
Analysts Set New Price Targets
OKLO has been the topic of a number of analyst reports. Wedbush initiated coverage on Oklo in a research note on Thursday. They issued an "outperform" rating and a $26.00 price target on the stock. Seaport Res Ptn upgraded Oklo to a "hold" rating in a report on Friday, September 6th. B. Riley initiated coverage on shares of Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 price target for the company. Finally, Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th.
Read Our Latest Report on Oklo
Oklo Trading Up 14.0 %
The stock's 50-day moving average is $20.48 and its 200-day moving average is $12.39.
Hedge Funds Weigh In On Oklo
Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC acquired a new position in Oklo in the 3rd quarter worth $58,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Oklo in the 3rd quarter worth approximately $94,000. Peapack Gladstone Financial Corp bought a new stake in Oklo during the third quarter valued at $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds 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.
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