Oklo Sees Unusually Large Options Volume (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) saw unusually large options trading activity on Wednesday. Stock investors bought 93,967 call options on the company. This is an increase of 148% compared to the average volume of 37,931 call options.

Oklo Stock Performance

OKLO opened at $18.38 on Thursday. Oklo has a 52 week low of $5.35 and a 52 week high of $28.12. The business has a fifty day simple moving average of $20.26 and a 200-day simple moving average of $12.33.

Analyst Ratings Changes

Several research firms have recently weighed in on OKLO. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup decreased their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently bought and sold shares of the company. Peapack Gladstone Financial Corp purchased a new stake in Oklo during the third quarter worth about $100,000. Sanctuary Advisors LLC acquired a new position in shares of Oklo in the third quarter valued at approximately $100,000. Barclays PLC purchased a new stake in Oklo during the 3rd quarter worth approximately $58,000. Geode Capital Management LLC acquired a new stake in Oklo during the 3rd quarter worth approximately $5,971,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Oklo during the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds 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.