Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $2,767,663 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 $27.47 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $27.47 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 -2.60%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 207.63%. 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 $6.95, while a 200-day SMA reached $5.35. Nevertheless, trading volume fell to 11.1 million shares from 6.71 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 7.63, which, if violated, would cause prices to drop to 7.41. In the upper region, resistance lies at 8.30. The next price resistance is at 8.75. RSI (Relative Strength Index) is 52.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 53.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
