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Intuitive Machines Inc [LUNR] Investment Appeal on the Rise

In a filing, Intuitive Machines Inc revealed its insider Vontur Steven unloaded Company’s shares for reported $12298.0 on Dec 17 ’24. In the deal valued at $13.00 per share,946 shares were sold. As a result of this transaction, Vontur Steven now holds 115,336 shares worth roughly $1.68 million.

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Then, Ghaffarian Kamal Seyed sold 377,973 shares, generating $4,566,612 in total proceeds. Upon selling the shares at $12.08, the Director now owns 3,494,768 shares.

Before that, Vontur Steven bought 946 shares. Intuitive Machines Inc shares valued at $12,298 were divested by the Officer at a price of $13.00 per share.

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 Monday, Intuitive Machines Inc [NASDAQ:LUNR] saw its stock jump 7.44% to $14.58. Over the last five days, the stock has gained 12.76%. Intuitive Machines Inc shares have risen nearly 470.65% since the year began. Nevertheless, the stocks have risen 469.53% over the past one year. While a 52-week high of $17.14 was reached on 11/29/24, a 52-week low of $2.09 was recorded on 01/04/24. SMA at 50 days reached $11.03, while 200 days put it at $6.66.

Levels Of Support And Resistance For LUNR Stock

The 24-hour chart illustrates a support level at 13.50, which if violated will result in even more drops to 12.42. On the upside, there is a resistance level at 15.98. A further resistance level may holdings at 17.38. The Relative Strength Index (RSI) on the 14-day chart is 60.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.40%. Stochastics %K at 53.40% 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 2024-10-31, growing by 2.15 million shares to a total of 17.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.24 million shares. There was a rise of 12.34%, which implies that there is a positive sentiment for the stock.

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