Shares of Oklo Inc. (NYSE:OKLO – Get Free Report) shot up 1% on Tuesday . The company traded as high as $23.77 and last traded at $23.15. 3,448,191 shares traded hands during trading, a decline of 39% from the average session volume of 5,650,525 shares. The stock had previously closed at $22.91.
Wall Street Analyst Weigh In
OKLO has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a report on Friday, September 6th. B. Riley assumed coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Finally, Citigroup lowered their price target 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.
Check Out Our Latest Analysis on Oklo
Oklo Stock Down 1.2 %
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HITE Hedge Asset Management LLC acquired a new stake in Oklo in the 3rd quarter worth about $19,753,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo in the third quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in shares of Oklo during the third quarter worth approximately $6,193,000. Geode Capital Management LLC purchased a new stake in shares of Oklo during the third quarter worth approximately $5,971,000. Finally, State Street Corp acquired a new position in Oklo in the 3rd quarter valued at $2,889,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
About Oklo
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.
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