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 $2,767,663 were sold by Ghaffarian Kamal Seyed on Oct 21 ’24. At $8.02 per share, Ghaffarian Kamal Seyed sold 344,893 shares. The insider’s holdings dropped to 3,494,768 shares worth approximately $28.2 million following the completion of this transaction.
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Also, Ghaffarian Kamal Seyed sold 125,991 shares, netting a total of over 935,723 in proceeds. Following the sale of shares at $7.43 each, the insider now holds 3,494,768 shares.
Before that, Ghaffarian Kamal Seyed had sold 33,080 shares from its account. In a trade valued at $264,666, the Director traded Intuitive Machines Inc shares for $8.00 each. Upon closing the transaction, the insider’s holdings decreased to 33,080 shares, worth approximately $28.2 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 drop of approximately -3.58%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 215.85%. Nevertheless, trading volume fell to 11.66 million shares from 9.03 million shares the previous day.
Support And Resistance Levels for Intuitive Machines Inc (LUNR)
RSI (Relative Strength Index) is 56.09 on the 14-day chart, showing neutral technical sentiment.
