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Potential Price Increase for Intuitive Machines Inc (LUNR) After Recent Insider Activity


In a filing, Intuitive Machines Inc revealed its Interim CFO & Corp. Controller Vontur Steven unloaded Company’s shares for reported $35474.0 on Jun 14 ’24. In the deal valued at $3.85 per share,9,202 shares were sold. As a result of this transaction, Vontur Steven now holds 129,601 shares worth roughly $0.47 million.

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Then, Ghaffarian Kamal Seyed sold 4,800,000 shares, generating $19,200,000 in total proceeds. Upon selling the shares at $4.00, the Director now owns 3,551,606 shares.

Before that, SHANON GUY sold 123,717 shares. Intuitive Machines Inc shares valued at $1,111,956 were divested by the 10% Owner at a price of $8.99 per share. As a result of the transaction, SHANON GUY now holds 1,302,673 shares, worth roughly $4.77 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 unchanged to $3.66. Over the last five days, the stock has lost -9.18%. Intuitive Machines Inc shares have risen nearly 43.25% since the year began. Nevertheless, the stocks have fallen -54.39% 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 $5.00, while 200 days put it at $4.27. A total of 3.32 million shares were traded, compared to the trading of 2.19 million shares in the previous session.

Levels Of Support And Resistance For LUNR Stock

The 24-hour chart illustrates a support level at 3.61, which if violated will result in even more drops to 3.56. On the upside, there is a resistance level at 3.71. A further resistance level may holdings at 3.76. The Relative Strength Index (RSI) on the 14-day chart is 20.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.08%. Stochastics %K at 5.46% indicates the stock is a buying.

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