Intuitive Machines Inc’s recent filing unveils that its Director Ghaffarian Kamal Seyed unloaded Company’s shares for reported $2.77 million on Oct 21 ’24. In the deal valued at $8.02 per share,344,893 shares were sold. As a result of this transaction, Ghaffarian Kamal Seyed now holds 3,494,768 shares worth roughly $28.34 million.
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
Then, Ghaffarian Kamal Seyed sold 125,991 shares, generating $935,723 in total proceeds. Upon selling the shares at $7.43, the Director now owns 3,494,768 shares.
Before that, Ghaffarian Kamal Seyed sold 33,080 shares. Intuitive Machines Inc shares valued at $264,666 were divested by the Director at a price of $8.00 per share. As a result of the transaction, Ghaffarian Kamal Seyed now holds 3,494,768 shares, worth roughly $28.34 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 jump 3.97% to $8.11. Over the last five days, the stock has gained 1.50%. Intuitive Machines Inc shares have risen nearly 217.42% since the year began. Nevertheless, the stocks have risen 171.24% 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 $7.06, while 200 days put it at $5.40.
Levels Of Support And Resistance For LUNR Stock
The 24-hour chart illustrates a support level at 7.83, which if violated will result in even more drops to 7.55. On the upside, there is a resistance level at 8.27. A further resistance level may holdings at 8.43. The Relative Strength Index (RSI) on the 14-day chart is 55.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.15%. Stochastics %K at 42.49% 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 2024-10-15, growing by 5.51 million shares to a total of 18.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.79 million shares. There was a rise of 30.1%, which implies that there is a positive sentiment for the stock.
