Oklo (OKLO) Falls 9% After 'Sell' Reco

We recently published 10 Big Names Investors Are Dumping. Oklo Inc. (NYSE:OKLO) is one of the worst performers on Wednesday.

Oklo dropped its share prices by 9.06 percent on Wednesday to finish at $75.94 apiece as investors took path from an analyst’s “sell” recommendation for its stock.

In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer recommended unloading shares in Oklo Inc. (NYSE:OKLO).

“I would sell Oklo. I just would sell everything nuclear except for GEV (GE Vernova),” Cramer said.

“The revolution is not going to happen, nuclear in this country, as much as I’ve been calling for it for 25 years,” he added.

Additionally, Cramer claimed that Oklo Inc. (NYSE:OKLO) puts out news releases that would prop up its prices every time he would recommend selling.

“They seem to juice the stock every time I urge people to [sell]. Try to keep a level head about Oklo,” he noted.

In other news, Oklo Inc. (NYSE:OKLO) announced progress on its planned fuel fabrication facility at the Idaho National Laboratory, following the issuance of a Preliminary Documented Safety Analysis (PDSA).

The PDSA marks the second of three safety-basis documents to be approved for the authorization of the facility, with the last being Documented Safety Analysis (DSA), an update to the PDSA based on final design and construction. The DSA will be submitted during construction and updated to reflect the final build once the facility is completed.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.