Oklo (NYSE:OKLO) Shares Gap Up – Here’s Why

Oklo Inc. (NYSE:OKLO) shares gapped up before the market opened on Wednesday . The stock had previously closed at $19.10, but opened at $21.41. Oklo shares last traded at $22.40, with a volume of 15,582,881 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OKLO shares. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Citigroup reduced 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.

Oklo Stock Up 1.0 %

The stock has a 50 day moving average price of $20.08 and a 200-day moving average price of $12.28.

Institutional Inflows and Outflows

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