Intuitive Machines Inc’s filing revealed that its Director Ghaffarian Kamal Seyed unloaded Company’s shares for reported $7200.0 on Aug 30 ’24. In the deal valued at $6.00 per share,1,200 shares were sold. As a result of this transaction, Ghaffarian Kamal Seyed now holds 3,551,606 shares worth roughly $ 19.6 million.
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Then, Altemus Stephen J sold 214 shares, generating $1,284 in total proceeds. Upon selling the shares at $6.00, the Chief Executive Officer now owns 910,919 shares.
Before that, Crain Timothy Price II sold 418 shares. Intuitive Machines Inc shares valued at $2,508 were divested by the SVP and Chief Growth Officer at a price of $6.00 per share. As a result of the transaction, Crain Timothy Price II now holds 362,810 shares, worth roughly $2.0 million.
B. Riley Securities initiated its Intuitive Machines Inc [LUNR] rating to a Buy in a research note published on June 28, 2024; the price target was $8. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. ROTH MKM began covering LUNR with “Buy” recommendation on March 10, 2023. Canaccord Genuity started covering the stock on February 27, 2023. It rated LUNR as “a Buy”.
Price Performance Review of LUNR
On Monday, Intuitive Machines Inc [NASDAQ:LUNR] saw its stock jump 9.52% to $5.52. Over the last five days, the stock has gained 11.07%. Intuitive Machines Inc shares have risen nearly 116.05% since the year began. Nevertheless, the stocks have risen 22.67% 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 $4.26, while 200 days put it at $4.45.
Levels Of Support And Resistance For LUNR Stock
The 24-hour chart illustrates a support level at 5.12, which if violated will result in even more drops to 4.71. On the upside, there is a resistance level at 5.76. A further resistance level may holdings at 5.99. The Relative Strength Index (RSI) on the 14-day chart is 64.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.04%. Stochastics %K at 55.14% indicates the stock is a holding.
How much short interest is there in Intuitive Machines Inc?
A steep rise in short interest was recorded in Intuitive Machines Inc stocks on 2024-08-15, dropping by -0.26 million shares to a total of 10.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 10.74 million shares. There was a decline of -2.53%, which implies that there is a negative sentiment for the stock.
