Oklo Stock Is Down 42% Over the Last 6 Months -- Will This New Fuel Program Reverse the Losses?
Oklo needs to stack more wins to provide fuel for a rally.
Overview
Over the last six months, pressure has mounted on Oklo (NYSE: OKLO), with shares dropping 44% as of this writing. The company keeps burning cash, and with no meaningful revenue, there hasn't been much to be excited about.
What's needed for shares to rally is more positive updates, which can reignite investor confidence. We just saw an example of that on May 26, as Oklo says it's in advanced negotiations to be a part of a new government program.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.