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

Oklo Inc. (NYSE:OKLO) saw unusually-high trading volume on Wednesday . Approximately 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 Upgrades and Downgrades

A number of equities research analysts have recently commented on OKLO shares. 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. Citigroup lowered their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Stock Down 5.9 %

The stock’s 50 day moving average price is $14.92 and its 200 day moving average price is $10.73.

Institutional Trading of Oklo

Large investors have recently bought and sold shares of the company. Barclays PLC acquired a new stake in Oklo during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the 3rd quarter worth approximately $94,000. MML Investors Services LLC acquired a new position in shares of Oklo in the 3rd quarter valued at approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Oklo during the 3rd quarter valued at approximately $104,000. Finally, Stifel Financial Corp bought a new stake in shares of Oklo in the third quarter worth $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.