Oklo Inc. shares continued their multi-day decline, closing 8.93% lower at $62.14 after an SEC filing revealed a significant stock sale by a major shareholder.
- The shareholder sold $14,992,025 worth of shares, contributing to the negative market pressure.
- The large sale exacerbated existing negative market sentiment, which was already fueled by a cautious analyst rating and high execution risks for the pre-revenue company.