Oklo Target of Unusually High Options Trading (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the target of some unusual options trading activity on Monday. Stock traders purchased 37,384 call options on the company. This represents an increase of approximately 32% compared to the average volume of 28,414 call options.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of research analyst reports. Citigroup lowered their price objective 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. B. Riley initiated 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. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Hedge Funds Weigh In On Oklo

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new position in Oklo during the 3rd quarter valued at $104,000. MML Investors Services LLC acquired a new position in Oklo during the 3rd quarter valued at $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the 3rd quarter valued at $104,000. Y Intercept Hong Kong Ltd acquired a new position in Oklo during the 3rd quarter valued at $94,000. Finally, National Bank of Canada FI acquired a new position in Oklo during the 3rd quarter valued at $105,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Trading Up 15.1 %

Shares of NYSE OKLO traded up $2.72 during trading hours on Monday, hitting $20.72. 30,317,693 shares of the stock were exchanged, compared to its average volume of 5,351,818. The business’s 50 day moving average is $14.30. Oklo has a one year low of $5.35 and a one year high of $28.12.

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.