Oklo (NYSE:OKLO) Sees Large Volume Increase – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) saw an uptick in trading volume on Wednesday . 8,373,360 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 5,436,646 shares.The stock last traded at $20.67 and had previously closed at $21.80.

Analyst Ratings Changes

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

Oklo Trading Down 5.9 %

The business has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $10.73.

Hedge Funds Weigh In On Oklo

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