Intuitive Machines Inc’s recent filing unveils that its Director Ghaffarian Kamal Seyed unloaded Company’s shares for reported $19.2 million on Jun 10 ’24. In the deal valued at $4.00 per share,4,800,000 shares were sold. As a result of this transaction, Ghaffarian Kamal Seyed now holds 3,551,606 shares worth roughly $13.78 million.
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Then, SHANON GUY sold 123,717 shares, generating $1,111,956 in total proceeds. Upon selling the shares at $8.99, the 10% Owner now owns 1,302,673 shares.
Before that, SHANON GUY sold 236,283 shares. Intuitive Machines Inc shares valued at $2,959,137 were divested by the 10% Owner at a price of $12.52 per share. As a result of the transaction, SHANON GUY now holds 1,426,390 shares, worth roughly $5.53 million.
Cantor Fitzgerald initiated its Intuitive Machines Inc [LUNR] rating to an Overweight in a research note published on May 19, 2023; the price target was $11. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Canaccord Genuity began covering LUNR with “Buy” recommendation on February 27, 2023.
Price Performance Review of LUNR
On Friday, Intuitive Machines Inc [NASDAQ:LUNR] saw its stock fall -3.72% to $3.88. Over the last five days, the stock has lost -13.59%. Intuitive Machines Inc shares have risen nearly 51.86% since the year began. Nevertheless, the stocks have fallen -59.07% over the past one year. While a 52-week high of $13.25 was reached on 02/21/24, a 52-week low of $2.09 was recorded on 01/04/24. SMA at 50 days reached $5.12, while 200 days put it at $4.29. A total of 2.57 million shares were traded, compared to the trading of 2.03 million shares in the previous session.
Levels Of Support And Resistance For LUNR Stock
The 24-hour chart illustrates a support level at 3.80, which if violated will result in even more drops to 3.71. On the upside, there is a resistance level at 3.99. A further resistance level may holdings at 4.10. The Relative Strength Index (RSI) on the 14-day chart is 23.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.93%. Stochastics %K at 2.99% indicates the stock is a buying.
