Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $675,936 were sold by Altemus Stephen J on Nov 11 ’24. At $11.00 per share, Altemus Stephen J sold 61,432 shares. The insider’s holdings dropped to 910,919 shares worth approximately $10.71 million following the completion of this transaction.
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Also, Timothy Price Crain, II purchased 400,000 shares, netting a total of over 4,520,000 in proceeds.
Before that, Ghaffarian Kamal Seyed had sold 74,248 shares from its account. In a trade valued at $596,078, the Director traded Intuitive Machines Inc shares for $8.03 each. Upon closing the transaction, the insider’s holdings decreased to 74,248 shares, worth approximately $41.1 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 42.37%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 360.27%. 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 $7.77, while a 200-day SMA reached $5.67. Nevertheless, trading volume fell to 39.65 million shares from 12.71 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 10.58, which, if violated, would cause prices to drop to 9.39. In the upper region, resistance lies at 12.97. The next price resistance is at 14.17. RSI (Relative Strength Index) is 73.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 22.04%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
