Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuitive Machines Inc shares valued at $581,312 were sold by Crain Timothy Price II on Jul 11 ’24. At $4.04 per share, Crain Timothy Price II sold 143,989 shares. The insider’s holdings dropped to 362,810 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Crain Timothy Price II sold 74,423 shares, netting a total of over 292,728 in proceeds. Following the sale of shares at $3.93 each, the insider now holds 362,810 shares.
Before that, Timothy Price Crain, II had added 200,000 shares to its account. In a trade valued at $820,000, the Officer bought Intuitive Machines Inc shares for $4.10 each.
As published in their initiating research note from B. Riley Securities on June 28, 2024, Intuitive Machines Inc [LUNR] has been a Buy and the price target has been revised to $8. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid May. As of March 10, 2023, ROTH MKM has initiated its “Buy” rating for LUNR. Earlier on February 27, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for LUNR stock.
Analyzing LUNR Stock Performance
During the last five days, there has been a surge of approximately 11.54%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 58.90%. 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 $3.91, while a 200-day SMA reached $4.29. Nevertheless, trading volume fell to 4.72 million shares from 3.14 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 3.76, which, if violated, would cause prices to drop to 3.46. In the upper region, resistance lies at 4.23. The next price resistance is at 4.41. RSI (Relative Strength Index) is 54.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 29.42%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
