Oklo Inc. (NYSE:OKLO – Get Free Report) fell 1.4% during mid-day trading on Wednesday . The company traded as low as $21.31 and last traded at $21.74. 3,778,550 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 5,666,612 shares. The stock had previously closed at $22.04.
Analyst Ratings Changes
OKLO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, B. Riley started coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective for the company.
View Our Latest Stock Report on OKLO
Oklo Stock Performance
Institutional Trading of Oklo
A number of institutional investors and hedge funds have recently modified their holdings of the business. HITE Hedge Asset Management LLC bought a new position in Oklo during the third quarter worth about $19,753,000. Portland Investment Counsel Inc. purchased a new stake in Oklo during the third quarter valued at about $6,493,000. Readystate Asset Management LP purchased a new position in shares of Oklo in the 3rd quarter worth about $6,193,000. Geode Capital Management LLC purchased a new position in shares of Oklo during the 3rd quarter valued at about $5,971,000. Finally, State Street Corp purchased a new stake in Oklo in the third quarter worth approximately $2,889,000. 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.
Read More
- Five stocks we like better than Oklo
- 3 Stocks to Consider Buying in October
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
- 5 Top Rated Dividend Stocks to Consider
- Trump Tariffs in Focus: 2 Chinese Stocks to Own and 2 to Avoid
- The Basics of Support and Resistance
- 2 Generic Drug Stocks Ready to Surge in 2025
Receive News & Ratings for Oklo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oklo and related companies with MarketBeat.com's FREE daily email newsletter.
