Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) shot up 1.5% during mid-day trading on Friday . The company traded as high as $21.37 and last traded at $21.28. 5,954,386 shares traded hands during trading, a decline of 3% from the average session volume of 6,141,013 shares. The stock had previously closed at $20.96.
A number of research analysts have recently weighed in on OKLO shares. Seaport Res Ptn upgraded Oklo to a "hold" rating in a report on Friday, September 6th. Wedbush assumed coverage on Oklo in a research note on Thursday. They set an "outperform" rating and a $26.00 price objective on the stock. B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price for the company. Finally, Citigroup lowered their target price 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.
Get Our Latest Research Report on Oklo
The company has a 50-day simple moving average of $20.48 and a two-hundred day simple moving average of $12.39.
Hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the third quarter worth $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the third quarter worth $100,000. Sanctuary Advisors LLC bought a new position in shares of Oklo in the third quarter worth $100,000. Finally, MML Investors Services LLC purchased a new position in shares of Oklo in the third quarter valued at $104,000. Institutional investors own 85.03% of the company's stock.
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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