Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuitive Machines Inc shares valued at $12,298 were sold by Vontur Steven on Dec 17 ’24. At $13.00 per share, Vontur Steven sold 946 shares. The insider’s holdings dropped to 115,336 shares worth approximately $1.92 million following the completion of this transaction.
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Also, Ghaffarian Kamal Seyed sold 377,973 shares, netting a total of over 4,566,612 in proceeds. Following the sale of shares at $12.08 each, the insider now holds 3,494,768 shares.
Before that, Vontur Steven had added 946 shares to its account. In a trade valued at $12,298, the Officer bought Intuitive Machines Inc shares for $13.00 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 surge of approximately 18.50%. Over the course of the year, Intuitive Machines Inc shares have jumped approximately 544.23%. 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 $11.21, while a 200-day SMA reached $6.72. Nevertheless, trading volume fell to 19.3 million shares from 26.44 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 15.13, which, if violated, would cause prices to drop to 13.62. In the upper region, resistance lies at 17.44. The next price resistance is at 18.24. RSI (Relative Strength Index) is 67.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 1.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
