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WebsiteIntuitive Machines (LUNR) Shares Drop Over 5% on Nasdaq
On January 9, Intuitive Machines (LUNR) closed at $18.56 on the Nasdaq, down 5.55% from the prior day. Trading volume surged to 11.94 million shares—well above average—and the company’s market capitalization fell by roughly $116 million to about $2.21 billion.
Key statistics:
- Closing price: $18.56 (–5.55%)
- Volume: 11.94 million shares
- Market cap: ~$2.21 billion (down ~$116 million)
Analyst Upgrade Reflects “Moderate Upside” Amid High Volatility
On January 8, Stifel Nicolaus raised its price target on Intuitive Machines to $20 from the then–$19.63 market price, citing modest upside potential. Given the stock’s wide one-year trading range—from a low of $6.14 to a high of $24.95—analysts characterized LUNR as a high-volatility name. They noted the need for near-term caution while acknowledging long-term growth prospects in space exploration.
## CEO Share Sale Raises Short-Term Concerns
On the same day, CEO Steven Altemus sold 83,914 shares of Intuitive Machines at an average price of $18.04 per share, converting about $1.5 million to cash. His stake fell by roughly 7.6% to 1,026,402 shares. Investors interpreted the sale—amid strong NASA project expectations and a compelling growth narrative—as a signal of short-term profit taking, contributing to heightened volatility.
Market Views Pullback as a “Breather,” Eyes NASA Developments
Most market participants see this sell-off as a short-term consolidation following a rapid run from around $10 to nearly $20 since year-end. With heavy trading continuing and a tug-of-war between institutional and retail investors, the stock’s next major catalyst will likely be tangible business milestones—such as NASA contract awards and upcoming launch schedules.
