Oklo (NYSE:OKLO) Stock Price Down 0.4% – Here’s Why

Oklo Inc. (NYSE:OKLO)’s stock price dropped 0.4% during trading on Thursday . The company traded as low as $21.01 and last traded at $21.95. Approximately 7,799,538 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 5,686,206 shares. The stock had previously closed at $22.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OKLO. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley initiated coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Price Performance

The firm has a 50-day moving average price of $17.54 and a two-hundred day moving average price of $11.39.

Institutional Trading of Oklo

Several hedge funds and other institutional investors have recently bought and sold shares of OKLO. Barclays PLC bought a new position in Oklo during the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $94,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC bought a new position in Oklo in the third quarter worth $104,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.