Why Did Oklo Stock Plummet 18.3% This Week?
Shares of (NYSE: OKLO) fell this week, finishing down 18.3%. The drop comes as the S 500 and the Nasdaq-100 Composite lost 0.3% and 0.5%, respectively.
The advanced reactor developer's stock is getting battered this week after a research note from Goldman Sachs cautioned investors not to get ahead of themselves. The company also saw significant insider selling this week.
Amid significant investor enthusiasm for Oklo and nuclear stocks in general, Goldman Sachs analysts issued their first research note for Oklo on Wednesday, giving it a neutral rating. Goldman said that the company's business strategy needs "de-risking" and that the stock's valuation has outpaced reality.
Source Fool.com
