Oklo Sees Unusually Large Options Volume (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 93,967 call options on the company. This is an increase of approximately 148% compared to the typical volume of 37,931 call options.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup decreased their target price 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 assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, Wedbush assumed coverage on shares of Oklo in a report on Thursday. They issued an “outperform” rating and a $26.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new position in shares of Oklo during the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo during the 3rd quarter valued at $94,000. Peapack Gladstone Financial Corp purchased a new position in Oklo during the 3rd quarter valued at $100,000. Sanctuary Advisors LLC bought a new position in Oklo in the 3rd quarter valued at $100,000. Finally, MML Investors Services LLC purchased a new stake in Oklo in the third quarter worth $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of OKLO opened at $20.96 on Friday. The company’s fifty day moving average is $20.48 and its 200 day moving average is $12.39. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

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.