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OKLO

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Nuclear power startup Oklo has tumbled 15% over the past two days, after several executives unloaded shares and Goldman Sachs told investors to approach the stock with caution.

Goldman initiated coverage of Oklo on Wednesday with a neutral rating, warning investors that its valuation appears full and its business strategy needs de-risking. The bank sees Oklo shares pulling back about 11% over the next 12 months to $117 per share.

Oklo has also seen a cluster of insider selling over the past few days. CEO Jacob DeWitte unloaded $3 million of stock in the form of a gift this week and Oklo director Michael Klein dumped $6.7 million worth of shares, according to Verity data. CFO Craig Bealmear sold $9.4 mil

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