Oklo (NYSE:OKLO) Trading Down 3.8% – Here’s Why

Oklo Inc. (NYSE:OKLO)’s stock price traded down 3.8% on Monday . The stock traded as low as $22.45 and last traded at $22.65. 4,013,553 shares were traded during trading, a decline of 29% from the average session volume of 5,689,394 shares. The stock had previously closed at $23.54.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OKLO. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Trading Down 3.7 %

The business has a 50-day moving average price of $17.54 and a two-hundred day moving average price of $11.40.

Institutional Trading of Oklo

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC bought a new position in shares of Oklo in the third quarter worth about $58,000. Y Intercept Hong Kong Ltd acquired a new position in Oklo during the 3rd quarter worth approximately $94,000. Peapack Gladstone Financial Corp acquired a new stake in Oklo in the third quarter valued at approximately $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the third quarter worth $100,000. Finally, MML Investors Services LLC acquired a new position in shares of Oklo during the third quarter worth $104,000. 85.03% of the stock is currently owned by institutional investors.

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.