Oklo Inc. (NYSE:OKLO – Get Free Report) was down 2.7% on Tuesday . The stock traded as low as $19.35 and last traded at $19.55. Approximately 3,313,035 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 5,785,617 shares. The stock had previously closed at $20.09.
Analyst Ratings Changes
Several equities analysts recently weighed in on OKLO shares. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th. Citigroup cut their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock.
Oklo Stock Down 7.7 %
The company’s fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $11.93.
Institutional Investors Weigh In On Oklo
Several large investors have recently made changes to their positions in OKLO. DRW Securities LLC bought a new stake in shares of Oklo during the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo during the third quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the third quarter valued at $104,000. Portland Investment Counsel Inc. bought a new position in Oklo in the third quarter valued at $6,493,000. Finally, Atom Investors LP bought a new position in Oklo in the third quarter valued at $657,000. 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.