Oklo Inc. shares fell to a new 52-week low during trading on Monday, reaching $25.69. No specific company announcement was reported as a catalyst for the decline.
The stock traded below its 50-day moving average of $37.11. It also traded below its 200-day moving average of $49.66.
The decline comes amid recent price-target cuts from several firms, including UBS Group and Barclays. Oklo’s latest quarterly report showed a loss of $0.28 per share, missing consensus estimates. Reports also noted insider stock sales over the last quarter, adding to negative sentiment around the stock.