Oklo (NYSE:OKLO) Stock Price Up 6% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares were up 6% during mid-day trading on Tuesday . The stock traded as high as $22.29 and last traded at $21.90. Approximately 7,165,384 shares traded hands during trading, an increase of 33% from the average daily volume of 5,378,686 shares. The stock had previously closed at $20.67.

Wall Street Analyst Weigh In

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

Oklo Stock Performance

The company has a 50 day simple moving average of $15.21 and a two-hundred day simple moving average of $10.80.

Hedge Funds Weigh In On Oklo

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Oklo during the third quarter worth $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the 3rd quarter worth about $94,000. Stifel Financial Corp bought a new position in Oklo during the 3rd quarter valued at about $104,000. MML Investors Services LLC purchased a new stake in Oklo in the 3rd quarter worth about $104,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo in the third quarter worth about $104,000. 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.