🔴 OKLO is trading 4% down today after a major investor cut its stake; broader market selloff also weighs

OKLO is trading at $46.78 (-4.05%) amid news of a significant institutional investor reducing its position, coupled with a broader market selloff driven by geopolitical tensions.

• A 13F filing reported on April 7th revealed that Secure Asset Management LLC cut its stake in Oklo by 76.9% in the fourth quarter.
• The stock is also under pressure from significant recent insider selling, with reports noting the company's CFO sold shares on April 1st.
• Broader market sentiment is negative, with major indices down as investors watch a deadline regarding the Strait of Hormuz blockade, which has caused oil prices to surge above $114 per barrel.