Why Oklo Stock Dropped on Thursday
Oklo (NYSE: OKLO) stock, one of a handful of new energy companies working to commercialize small modular nuclear reactor technology, tumbled more than 7% early Thursday morning before recovering to about a 1.3% loss as of 12:20 p.m. ET.
The big dive early was sparked by an Oklo announcement last night, in which the company said it will create and sell $400 million worth of new shares of common stock (and potentially, up to $460 million shares if underwriters exercise their overallotment option).
Image source: Getty Images.
Source Fool.com
