Traders Buy High Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) saw unusually large options trading on Friday. Traders purchased 44,400 call options on the stock. This is an increase of 372% compared to the average volume of 9,412 call options.

Wall Street Analysts Forecast Growth

OKLO has been the topic of several research analyst reports. Citigroup assumed coverage on Oklo in a research note on Tuesday, June 4th. They set a “neutral” rating and a $11.00 target price on the stock. B. Riley initiated coverage on shares of Oklo in a research report on Thursday. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Stock Performance

Oklo stock traded up $1.36 during trading hours on Friday, hitting $7.97. 6,950,668 shares of the stock traded hands, compared to its average volume of 2,173,828. Oklo has a one year low of $5.35 and a one year high of $18.80. The business’s 50-day moving average price is $7.36.

Oklo (NYSE:OKLO) last released its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. On average, analysts predict that Oklo will post -0.54 earnings per share for the current year.

About Oklo

AltC Acquisition Corp. entered into a definitive agreement to enter into a business combination with Oklo Inc