Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $1,111,956 were sold by SHANON GUY on Feb 22 ’24. At $8.99 per share, SHANON GUY sold 123,717 shares. The insider’s holdings dropped to 1,302,673 shares worth approximately $7.91 million following the completion of this transaction.
Also, SHANON GUY sold 236,283 shares, netting a total of over 2,959,137 in proceeds. Following the sale of shares at $12.52 each, the insider now holds 1,426,390 shares.
As published in their initiating research note from Cantor Fitzgerald on May 19, 2023, Intuitive Machines Inc [LUNR] has been an Overweight and the price target has been revised to $11. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of February 27, 2023, Canaccord Genuity has initiated its “Buy” rating for LUNR.
Analyzing LUNR Stock Performance
During the last five days, there has been a surge of approximately 17.64%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 137.57%. Shares of the company reached a 52-week high of $13.25 on 02/21/24 and a 52-week low of $2.09 on 01/04/24. A 50-day SMA is recorded $5.58, while a 200-day SMA reached $4.53. Nevertheless, trading volume fell to 2.23 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for Intuitive Machines Inc (LUNR)
According to the 24-hour chart, there is a support level at 5.83, which, if violated, would cause prices to drop to 5.59. In the upper region, resistance lies at 6.20. The next price resistance is at 6.34. RSI (Relative Strength Index) is 60.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 2.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
