Oklo stock climbed as investors buy the post-earnings dip and analysts from Wedbush and Cantor Fitzgerald remain bullish.
Oklo Inc. (NYSE:OKLO) stock is surging on Wednesday. Traders are aggressively buying the dip following a steep multi-session decline tied to the company’s first-quarter earnings report.
Investors Buy The Post-Earnings Dip
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The nuclear energy player’s stock tumbled 30.64% from $78.13 on May 11 to $54.19 on Tuesday.
The slide accelerated after Oklo reported a first-quarter net loss of $33.07 million and an operational loss of $51.25 million on Tuesday after the closing bell.
Oklo Inc (NYSE:OKLO) shares are falling Monday morning as traders continue to digest the company's latest quarterly update.
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