Oklo Stock Slides Following Tuesday's Surge: What's Going On?

Shares of Oklo Inc OKLO fell 7.92% to $26.39 Wednesday morning, following a sharp rally Tuesday. Tuesday's spike came after Axios reported that the White House is preparing executive orders to accelerate the deployment of nuclear reactors—an initiative that could benefit advanced nuclear developers like Oklo.

What To Know: The report suggested the Biden administration aims to leverage the Departments of Defense (DOD) and Energy (DOE) to bypass traditional Nuclear Regulatory Commission licensing bottlenecks.

Sources indicated the DOD could play a key role due to its energy demands and ability to absorb regulatory risks, potentially fast-tracking small reactor deployment.

Oklo, recently public via a SPAC backed by OpenAI's Sam Altman, specializes in compact nuclear reactors designed for use in data centers, defense sites and remote locations. The company is increasingly seen as a potential player in powering energy-hungry AI infrastructure.

Despite Wednesday’s pullback, the broader policy momentum could continue to drive interest in nuclear-themed stocks like Oklo.

Read Also: Marvell Technology Stock Is Falling After The Bell: What’s Happening?

How To Buy OKLO Stock

By now you're likely curious about how to participate in the market for Oklo – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Oklo, which is trading at $26.39 as of publishing time, $100 would buy you 3.79 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, OKLO has a 52-week high of $59.14 and a 52-week low of $5.35.