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M&T Bank Corp Acquires 19,945 Shares of Oklo Inc. $OKLO
M&T Bank Corp significantly increased its stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, acquiring an additional 19,945 shares, bringing its total holdings to 22,638 shares valued at approximately $1.625 million. Despite this institutional interest, Oklo, a pre-commercial nuclear microreactor company, remains unprofitable and has seen heavy insider selling, though Wall Street analysts maintain a “Moderate Buy” consensus rating with a target price of $87.68. The company is experiencing increased market attention due to potential operational catalysts and collaborations tying it to AI and government energy initiatives.