Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $2,511,000 were purchased by Timothy Price Crain, II on Sep 18 ’24. At $8.37 per share, Timothy Price Crain, II acquired 300,000 shares.
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Also, Ghaffarian Kamal Seyed sold 570,705 shares, netting a total of over 3,469,487 in proceeds. Following the sale of shares at $6.08 each, the insider now holds 3,551,606 shares.
Before that, Ghaffarian Kamal Seyed had sold 35,751 shares from its account. In a trade valued at $214,585, the Director traded Intuitive Machines Inc shares for $6.00 each. Upon closing the transaction, the insider’s holdings decreased to 35,751 shares, worth approximately $26.11 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 32.68%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 192.37%. 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 $4.59, while a 200-day SMA reached $4.55. Nevertheless, trading volume fell to 140.74 million shares from 7.96 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 6.96, which, if violated, would cause prices to drop to 6.44. In the upper region, resistance lies at 8.47. The next price resistance is at 9.46. RSI (Relative Strength Index) is 73.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 34.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
