Investors Purchase High Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of some unusual options trading activity on Tuesday. Traders bought 13,613 call options on the company. This represents an increase of 75% compared to the typical daily volume of 7,788 call options.

Oklo Stock Performance

Oklo stock opened at $16.37 on Thursday. The business has a 50-day simple moving average of $7.77. Oklo has a 1 year low of $5.35 and a 1 year high of $18.80.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. On average, research analysts expect that Oklo will post -2.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th. B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Citigroup reduced their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

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.