Oklo (NYSE:OKLO) Trading 6% Higher – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s share price was up 6% during trading on Tuesday . The stock traded as high as $22.29 and last traded at $21.90. Approximately 7,165,384 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 5,378,686 shares. The stock had previously closed at $20.67.

Wall Street Analyst Weigh In

OKLO has been the subject of several research analyst reports. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup decreased their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company.

Oklo Trading Down 3.9 %

The business has a fifty day simple moving average of $15.21 and a two-hundred day simple moving average of $10.80.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of Oklo during the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the third quarter valued at approximately $94,000. MML Investors Services LLC acquired a new stake in Oklo in the third quarter valued at approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Oklo in the third quarter worth $104,000. Finally, Stifel Financial Corp acquired a new position in shares of Oklo during the third quarter worth $104,000. Hedge funds and other 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.