Oklo (NYSE:OKLO) Trading Up 1.5% – Here’s Why

Shares of Oklo Inc. (NYSE:OKLO) were up 1.5% during mid-day trading on Thursday . The company traded as high as $20.29 and last traded at $19.56. Approximately 3,041,666 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 5,819,523 shares. The stock had previously closed at $19.27.

Analyst Upgrades and Downgrades

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

Oklo Stock Up 0.8 %

The company’s fifty day moving average price is $19.74 and its two-hundred day moving average price is $12.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC bought a new position in Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo in the third quarter valued at $94,000. Peapack Gladstone Financial Corp bought a new position in shares of Oklo in the third quarter valued at about $100,000. Sanctuary Advisors LLC acquired a new position in Oklo during the 3rd quarter worth about $100,000. Finally, MML Investors Services LLC acquired a new position in Oklo during the 3rd quarter worth about $104,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.