Oklo Inc. (NYSE:OKLO – Get Free Report) saw some unusual options trading on Monday. Investors purchased 37,384 call options on the company. This is an increase of approximately 32% compared to the typical daily volume of 28,414 call options.
Oklo Stock Performance
Shares of NYSE OKLO opened at $20.63 on Tuesday. The company has a fifty day moving average of $14.60. Oklo has a 12-month low of $5.35 and a 12-month high of $28.12.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.
Institutional Investors Weigh In On Oklo
Several large investors have recently bought and sold shares of OKLO. Stifel Financial Corp purchased a new position in shares of Oklo in the 3rd quarter valued at about $104,000. MML Investors Services LLC purchased a new stake in shares of Oklo during the third quarter worth approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo in the third quarter valued at approximately $104,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo in the third quarter worth approximately $94,000. Finally, National Bank of Canada FI acquired a new position in Oklo during the 3rd quarter worth approximately $105,000. 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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