Oklo, Voyager IPO gains, Joby downgraded: Trending Tickers
In This Article:
Yahoo Finance Senior Reporter Allie Canal goes over some of the top stories of the day.
Oklo (OKLO) plans to raise $400 million in a secondary share offering. The news comes as the startup announces a possible government contract with the US Department of Defense.
Voyager Technologies (VOYG) stock continues to climb after its initial public offering (IPO), surging almost 80% on its first trading day.
Joby (JOBY) was downgraded by Cantor Fitzgerald to Neutral from Overweight, citing the company's recent stock rally.
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Now time for some of today's trending tickers. We're watching Oklo Voyager Technologies and Joby. First stop Nuclear Energy startup, Oklo, is seeking to raise $400 million in a secondary share offering with the option for an additional $60 million. The news comes as the firm announced a likely contract with the Department of Defense. Wedbush has raised its price target on shares seeing about 10% upside for the stock.
Next Voyager Technologies is extending gains after its public debut with shares surging more than 80% on its first day of trading. That follows a $383 million IPO. The Denver-based defense contractor serves both government and commercial clients in the space and national security sectors. Key partners include Palantier, NASA, Lockheed Martin, and the US Air Force.
Finally, shares of Joby are falling after a downgrade from Cantor Fitzgerald. The firm cutting its rating to neutral from overweight, saying that while they remain bullish on the electric air taxi industry over the medium to long term, they are more conservative on Joby in the near term due to the recent share price rally. Joby shares have surged 80% from their April lows. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's trending tickers page.