Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Machines Inc shares valued at $5,684,332 were sold by Ghaffarian Kamal Seyed on Dec 02 ’24. At $15.04 per share, Ghaffarian Kamal Seyed sold 377,973 shares. The insider’s holdings dropped to 3,494,768 shares worth approximately $41.94 million following the completion of this transaction.
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Also, Ghaffarian Kamal Seyed sold 1,637,883 shares, netting a total of over 19,486,222 in proceeds. Following the sale of shares at $11.90 each, the insider now holds 3,494,768 shares.
Before that, Ghaffarian Enterprises LLC had added 2,015,856 shares to its account. In a trade valued at $24,734,553, the Affiliate bought Intuitive Machines Inc shares for $12.27 each.
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 -16.96%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 369.67%. Shares of the company reached a 52-week high of $17.14 on 11/29/24 and a 52-week low of $2.09 on 01/04/24. A 50-day SMA is recorded $9.80, while a 200-day SMA reached $6.27. Nevertheless, trading volume fell to 23.55 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 11.28, which, if violated, would cause prices to drop to 10.56. In the upper region, resistance lies at 13.06. The next price resistance is at 14.12. RSI (Relative Strength Index) is 50.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 72.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
