Oklo (NYSE:OKLO) Shares Down 3.6% – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) fell 3.6% during mid-day trading on Wednesday . The stock traded as low as $19.53 and last traded at $21.02. 9,693,220 shares were traded during mid-day trading, an increase of 78% from the average session volume of 5,442,512 shares. The stock had previously closed at $21.80.

Wall Street Analysts Forecast Growth

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

Oklo Trading Up 18.7 %

The business has a fifty day moving average price of $15.59 and a 200 day moving average price of $10.90.

Hedge Funds Weigh In On Oklo

Institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC acquired a new stake in shares of Oklo during the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo in the 3rd quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo during the 3rd quarter worth approximately $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP acquired a new position in Oklo in the 3rd quarter valued at approximately $657,000. 85.03% of the stock is currently 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.