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Intuitive Machines Sees Unusually High Options Volume (NASDAQ:LUNR)

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Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders purchased 49,691 call options on the stock. This is an increase of 13% compared to the typical daily volume of 43,900 call options.

Intuitive Machines Trading Up 8.0 %

Shares of NASDAQ LUNR traded up $1.12 during trading on Friday, reaching $15.12. 28,479,479 shares of the company traded hands, compared to its average volume of 20,035,652. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $15.55. The stock has a market cap of $2.12 billion, a P/E ratio of -5.14 and a beta of 0.35. The firm's fifty day simple moving average is $8.76 and its 200 day simple moving average is $5.98.

Insiders Place Their Bets

In related news, CFO Steven Vontur sold 10,274 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the transaction, the chief financial officer now directly owns 117,500 shares of the company's stock, valued at $655,650. This trade represents a 8.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 138,568 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company's stock, valued at $10,111,200.90. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Intuitive Machines by 275.2% during the 3rd quarter. Barclays PLC now owns 37,323 shares of the company's stock worth $300,000 after purchasing an additional 27,376 shares during the period. Geode Capital Management LLC raised its holdings in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after purchasing an additional 222,136 shares during the period. Savoie Capital LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at approximately $112,000. State Street Corp lifted its holdings in Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after purchasing an additional 7,538 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Intuitive Machines in the 3rd quarter worth about $525,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Benchmark lifted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Roth Mkm reissued a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald lifted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines has an average rating of "Buy" and a consensus target price of $13.10.

Check Out Our Latest Stock Report on LUNR

Intuitive Machines Company Profile

(Get Free Report)

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.

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