Oklo Stock Is Sliding Monday: What's Going On?

Oklo Inc (NYSE:OKLO) shares are trading lower Monday morning, continuing a volatile trend despite a lack of company-specific news for the session. The decline extends a pullback from late last week, as investors continue to weigh the nuclear startup’s high valuation against its pre-revenue status.

• OKLO stock is struggling to find support. See the complete data here.

What To Know: The stock has seen significant turbulence, initially surging last week on sector-wide optimism following an $80 billion deal between Cameco and the Trump administration to build new nuclear reactors. That rally quickly faded as investors re-evaluated Oklo’s “fundamental risks.”

Pressure on the stock was amplified last week when Oklo filed a Form S-3 shelf registration, giving it the flexibility to sell up to $3.5 billion in securities to fund future operations.

Investors are now focused on the company’s upcoming quarterly earnings report, scheduled for after the bell on Nov. 11. Analysts are forecasting a loss of 13 cents per share.

Wall Street remains mixed on the stock’s outlook, with recent ratings including downgrades to Neutral from BofA Securities and Seaport Global, alongside new Buy and Overweight initiations from Canaccord Genuity and Barclays.

Benzinga Edge Rankings: Despite the recent pullback, Benzinga Edge rankings show the stock has a very high Momentum score of 99.29.

OKLO Price Action: Oklo shares were down 6.99% at $123.49 at the time of publication on Monday, according to Benzinga Pro data.

Read Also: Stock Market Today: S&P 500, Dow Jones Futures Rise After Stellar October Gains

How To Buy OKLO Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Oklo’s case, it is in the Utilities sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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