Oklo (NYSE:OKLO) Shares Down 2.7% – Should You Sell?

Oklo Inc. (NYSE:OKLO)’s share price fell 2.7% on Monday . The stock traded as low as $17.14 and last traded at $18.03. 3,853,805 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 5,824,111 shares. The stock had previously closed at $18.53.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a report on Friday, September 6th. Finally, 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 report on Tuesday, September 24th.

Oklo Price Performance

The company’s fifty day simple moving average is $19.74 and its 200 day simple moving average is $12.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in Oklo during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the third quarter valued at $94,000. Peapack Gladstone Financial Corp bought a new position in Oklo in the third 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 stake in shares of Oklo during the 3rd quarter valued at about $104,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.