Traders Purchase Large Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 93,967 call options on the stock. This represents an increase of 148% compared to the typical daily volume of 37,931 call options.

Oklo Price Performance

OKLO stock traded up $0.43 during mid-day trading on Wednesday, reaching $19.53. The company had a trading volume of 32,060,000 shares, compared to its average volume of 5,954,407. The firm has a fifty day simple moving average of $20.08 and a 200 day simple moving average of $12.28. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OKLO. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup dropped their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock.

Institutional Trading of Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. Barclays PLC purchased a new stake in Oklo during the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp purchased a new stake in Oklo during the third quarter worth approximately $100,000. Sanctuary Advisors LLC acquired a new position in Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC purchased a new position in Oklo in the third quarter valued at approximately $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.