Oklo (OKLO) shares fell to $62.74 on Feb. 5, 2026, representing an 8.05% daily decline. The stock closed at $68.23 on Feb. 4, 2026, after dropping 12.53% during that session. This downward trend follows a recent peak of $94.39 reached on Jan. 28, 2026.
Rising uranium prices are impacting the projected viability of small modular reactors. CEO Jacob DeWitte and the company's CFO sold more than $2 million in shares during February. These insider transactions have accelerated the ongoing market selloff.
Canaccord Genuity maintains a bullish $175 price target despite the recent price correction. Analysts cite strong demand for AI-related nuclear power, including a 1.2GW deal with Meta. The current market consensus for Oklo remains a Moderate Buy with a target price of $113.