Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Here’s Why

Oklo Inc. (NYSE:OKLO) saw unusually-high trading volume on Tuesday . Approximately 3,879,625 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 5,700,724 shares.The stock last traded at $21.16 and had previously closed at $22.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup decreased their target price on 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 upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.

Oklo Stock Performance

The company’s 50 day moving average price is $17.54 and its two-hundred day moving average price is $11.40.

Hedge Funds Weigh In On Oklo

Several institutional investors have recently bought and sold shares of OKLO. Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the third quarter worth $94,000. Peapack Gladstone Financial Corp bought a new position in Oklo during the third quarter valued at $100,000. Sanctuary Advisors LLC purchased a new position in shares of Oklo in the 3rd quarter worth $100,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo in the 3rd quarter worth about $104,000. 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.