The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Oklo Inc shares valued at $99,750 were purchased by Kinzley Richard on Dec 23 ’24. At $19.95 per share, Kinzley Richard acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $0.17 million following the completion of this transaction.
Also, DeWitte Jacob sold 230,569 shares, netting a total of over 4,983,531 in proceeds. Following the sale of shares at $21.61 each, the insider now holds 12,543,085 shares.
Before that, Cochran Caroline had sold 230,569 shares from its account. In a trade valued at $4,983,531, the Co-Founder, COO traded Oklo Inc shares for $21.61 each. Upon closing the transaction, the insider’s holdings decreased to 230,569 shares, worth approximately $428.6 million.
As published in their initiating research note from Wedbush on December 19, 2024, Oklo Inc [OKLO] has been an Outperform and the price target has been revised to $26. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 06, 2024, Seaport Research Partners has initiated its “Neutral” rating for OKLO. Earlier on June 04, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for OKLO stock.
Analyzing OKLO Stock Performance
During the last five days, there has been a surge of approximately 49.80%. Over the course of the year, Oklo Inc shares have jumped approximately 60.95%. Shares of the company reached a 52-week high of $34.95 on 01/22/25 and a 52-week low of $20.76 on 01/02/25. A 50-day SMA is recorded $22.95, while a 200-day SMA reached $13.63. Nevertheless, trading volume fell to 23.29 million shares from 22.47 million shares the previous day.
Support And Resistance Levels for Oklo Inc (OKLO)
According to the 24-hour chart, there is a support level at 32.48, which, if violated, would cause prices to drop to 30.80. In the upper region, resistance lies at 35.40. The next price resistance is at 36.64. RSI (Relative Strength Index) is 70.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.29, which suggests the price will increase in the coming days. Percent R is at 5.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
