Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $7,200 were sold by Ghaffarian Kamal Seyed on Aug 30 ’24. At $6.00 per share, Ghaffarian Kamal Seyed sold 1,200 shares. The insider’s holdings dropped to 3,551,606 shares worth approximately $18.11 million following the completion of this transaction.
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Also, Altemus Stephen J sold 214 shares, netting a total of over 1,284 in proceeds. Following the sale of shares at $6.00 each, the insider now holds 910,919 shares.
Before that, Crain Timothy Price II had sold 418 shares from its account. In a trade valued at $2,508, the SVP and Chief Growth Officer traded Intuitive Machines Inc shares for $6.00 each. Upon closing the transaction, the insider’s holdings decreased to 418 shares, worth approximately $1.85 million.
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 9.21%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 99.61%. 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 $4.18, while a 200-day SMA reached $4.42. Nevertheless, trading volume fell to 7.41 million shares from 13.42 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 4.97, which, if violated, would cause prices to drop to 4.85. In the upper region, resistance lies at 5.28. The next price resistance is at 5.47. RSI (Relative Strength Index) is 59.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 46.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
