Oklo Inc. (NYSE:OKLO - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders bought 93,967 call options on the stock. This is an increase of 148% compared to the typical volume of 37,931 call options.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They issued a "buy" rating and a $10.00 price objective for the company. Seaport Res Ptn upgraded Oklo to a "hold" rating in a research report on Friday, September 6th. Finally, Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th.
Get Our Latest Analysis on Oklo
Oklo Trading Down 3.8 %
NYSE OKLO traded down $0.72 during trading hours on Wednesday, reaching $18.38. 49,838,859 shares of the company's stock traded hands, compared to its average volume of 6,031,543. Oklo has a 52-week low of $5.35 and a 52-week high of $28.12. The firm has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $12.33.
Hedge Funds Weigh In On Oklo
Large investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo during the 3rd quarter valued at about $94,000. Peapack Gladstone Financial Corp bought a new stake in Oklo during the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC purchased a new position in Oklo in the third quarter worth about $100,000. Finally, MML Investors Services LLC bought a new position in shares of Oklo in the third quarter worth approximately $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
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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