Oklo (NYSE:OKLO) Shares Down 1.4% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price was down 1.4% during trading on Wednesday . The stock traded as low as $21.31 and last traded at $21.74. Approximately 3,778,550 shares traded hands during trading, a decline of 33% from the average daily volume of 5,666,612 shares. The stock had previously closed at $22.04.

Analyst Ratings Changes

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

Oklo Trading Down 0.4 %

The business’s 50-day moving average is $17.24 and its two-hundred day moving average is $11.29.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently modified their holdings of OKLO. Barclays PLC bought a new position in shares of Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo in the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp bought a new position in Oklo during the third quarter valued at about $100,000. Sanctuary Advisors LLC purchased a new stake in Oklo during the third quarter worth about $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo in the third quarter worth about $104,000. Institutional investors own 85.03% of the company’s stock.

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.