Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $19,486,222 were sold by Ghaffarian Kamal Seyed on Nov 18 ’24. At $11.90 per share, Ghaffarian Kamal Seyed sold 1,637,883 shares. The insider’s holdings dropped to 3,494,768 shares worth approximately $50.5 million following the completion of this transaction.
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Also, Ghaffarian Enterprises LLC purchased 2,015,856 shares, netting a total of over 24,734,553 in proceeds.
Before that, Altemus Stephen J had sold 138,568 shares from its account. In a trade valued at $1,538,728, the Chief Executive Officer traded Intuitive Machines Inc shares for $11.10 each. Upon closing the transaction, the insider’s holdings decreased to 138,568 shares, worth approximately $13.16 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 19.72%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 465.56%. Shares of the company reached a 52-week high of $15.72 on 11/25/24 and a 52-week low of $2.09 on 01/04/24. A 50-day SMA is recorded $9.25, while a 200-day SMA reached $6.12. Nevertheless, trading volume fell to 11.41 million shares from 18.42 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 13.77, which, if violated, would cause prices to drop to 13.10. In the upper region, resistance lies at 14.95. The next price resistance is at 15.46. RSI (Relative Strength Index) is 67.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.96, which suggests the price will increase in the coming days. Percent R is at 19.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
