Oklo (NYSE:OKLO) Shares Gap Up – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $20.13, but opened at $21.06. Oklo shares last traded at $21.06, with a volume of 2,584,965 shares.

Wall Street Analyst Weigh In

OKLO has been the subject of several research reports. B. Riley started 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. Citigroup decreased their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Trading Down 0.1 %

The firm has a 50-day moving average of $18.05 and a 200-day moving average of $11.56.

Institutional Investors Weigh In On Oklo

A number of large investors have recently made changes to their positions in the business. Portland Investment Counsel Inc. bought a new position in Oklo in the 3rd quarter worth $6,493,000. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo during the 3rd quarter worth approximately $19,753,000. DRW Securities LLC bought a new position in shares of Oklo in the 3rd quarter worth approximately $404,000. Atom Investors LP purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $657,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $104,000. 85.03% of the stock is currently owned by 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.