Oklo (NYSE:OKLO) Trading Up 13.7% – What’s Next?

Shares of Oklo Inc. (NYSE:OKLO) traded up 13.7% during mid-day trading on Monday . The company traded as high as $21.17 and last traded at $20.47. 14,891,161 shares were traded during trading, an increase of 182% from the average session volume of 5,284,794 shares. The stock had previously closed at $18.00.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OKLO shares. Citigroup dropped their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th. 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.

Oklo Stock Up 17.8 %

The business has a fifty day moving average price of $14.30.

Institutional Investors Weigh In On Oklo

Institutional investors have recently bought and sold shares of the company. Barclays PLC acquired a new position in Oklo during the third quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo in the third quarter valued at approximately $94,000. Stifel Financial Corp acquired a new position in shares of Oklo during the 3rd quarter worth approximately $104,000. MML Investors Services LLC bought a new stake in shares of Oklo during the 3rd quarter worth approximately $104,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at approximately $104,000. 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.