Oklo Sees Unusually Large Options Volume (NYSE:OKLO)

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

Oklo Price Performance

OKLO stock opened at $20.96 on Friday. Oklo has a 52-week low of $5.35 and a 52-week high of $28.12. The company’s 50-day simple moving average is $20.48 and its 200-day simple moving average is $12.39.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo in the 3rd quarter valued at $19,753,000. Portland Investment Counsel Inc. acquired a new position in Oklo in the third quarter valued at about $6,493,000. Readystate Asset Management LP purchased a new position in Oklo during the third quarter worth about $6,193,000. Geode Capital Management LLC acquired a new stake in shares of Oklo during the third quarter valued at about $5,971,000. Finally, State Street Corp purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $2,889,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.