Overview
- Oklo shares were down about 2.5% to $133.94 on Friday afternoon, extending a choppy week, according to Benzinga.
- An SEC Form S-3 filing would allow the company to sell up to $3.5 billion in common stock, preferred stock, debt and other securities over time.
- Analyst opinions are divided, with downgrades from B of A Securities and Seaport Global alongside new Buy/Overweight initiations from Canaccord Genuity and Barclays.
- The stock’s swings followed a surge to a $174 high and intensified after ARK’s Autonomous Technology & Robotics ETF sold 53,353 shares on Oct. 20.
- Investors now look to the Nov. 11 update, with consensus modeling a $0.13 per-share loss as the pre-revenue company reports progress.