Oklo Inc. (NYSE:OKLO – Get Free Report) shares rose 5% on Thursday . The company traded as high as $22.08 and last traded at $21.99. Approximately 5,784,093 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 5,477,912 shares. The stock had previously closed at $20.95.
Analyst Upgrades and Downgrades
OKLO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup dropped their price objective 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 started coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.
Check Out Our Latest Report on Oklo
Oklo Price Performance
Institutional Trading of Oklo
Hedge funds have recently modified their holdings of the business. DRW Securities LLC bought a new position in Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo in the 3rd quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $104,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo in the third quarter valued at approximately $6,493,000. Finally, Atom Investors LP bought a new position in Oklo in the 3rd quarter worth approximately $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
About Oklo
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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