Intuitive Machines Inc’s recent filing unveils that its Director BLITZER MICHAEL unloaded Company’s shares for reported $5.43 million on Sep 19 ’24. In the deal valued at $8.19 per share,662,673 shares were sold. As a result of this transaction, BLITZER MICHAEL now holds 1,062,865 shares worth roughly $9.73 million.
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Then, BLITZER MICHAEL sold 250,000 shares, generating $2,232,300 in total proceeds. Upon selling the shares at $8.93, the Director now owns 812,865 shares.
Before that, Crain Timothy Price II sold 300,000 shares. Intuitive Machines Inc shares valued at $2,470,350 were divested by the SVP and Chief Growth Officer at a price of $8.23 per share. As a result of the transaction, Crain Timothy Price II now holds 362,810 shares, worth roughly $3.32 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 Friday, Intuitive Machines Inc [NASDAQ:LUNR] saw its stock fall -1.40% to $9.15. Over the last five days, the stock has gained 49.27%. Intuitive Machines Inc shares have risen nearly 258.12% since the year began. Nevertheless, the stocks have risen 128.75% 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 $4.79, while 200 days put it at $4.61.
Levels Of Support And Resistance For LUNR Stock
The 24-hour chart illustrates a support level at 8.58, which if violated will result in even more drops to 8.02. On the upside, there is a resistance level at 9.78. A further resistance level may holdings at 10.42. The Relative Strength Index (RSI) on the 14-day chart is 78.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.65%. Stochastics %K at 81.99% indicates the stock is a selling.
How much short interest is there in Intuitive Machines Inc?
A steep rise in short interest was recorded in Intuitive Machines Inc stocks on 2024-08-30, growing by 3.24 million shares to a total of 13.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.18 million shares. There was a rise of 24.15%, which implies that there is a positive sentiment for the stock.
