Oklo Inc. (NYSE:OKLO – Get Free Report)’s share price traded down 1.6% during mid-day trading on Wednesday . The stock traded as low as $17.90 and last traded at $18.13. 3,624,505 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 5,806,145 shares. The stock had previously closed at $18.42.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. B. Riley assumed 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 shares of Oklo to a “hold” rating in a report on Friday, September 6th. Finally, Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th.
Read Our Latest Analysis on Oklo
Oklo Trading Up 5.8 %
Institutional Trading of Oklo
Large investors have recently added to or reduced their stakes in the business. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $19,753,000. Portland Investment Counsel Inc. purchased a new stake in Oklo in the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in Oklo in the 3rd quarter worth approximately $6,193,000. Geode Capital Management LLC purchased a new stake in Oklo in the 3rd quarter worth approximately $5,971,000. Finally, State Street Corp purchased a new stake in Oklo in the 3rd quarter worth approximately $2,889,000. 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.
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