Intuitive Machines (NASDAQ:LUNRW) Stock Price Up 5.6%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNRWGet Free Report) were up 5.6% on Wednesday . The stock traded as high as $1.91 and last traded at $1.89. Approximately 331,023 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 601,337 shares. The stock had previously closed at $1.79.

Intuitive Machines Trading Up 5.6 %

The company’s 50-day simple moving average is $1.08 and its two-hundred day simple moving average is $0.54.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUNRW. Boothbay Fund Management LLC bought a new stake in Intuitive Machines in the first quarter worth $994,000. Hudson Bay Capital Management LP bought a new position in Intuitive Machines during the 1st quarter valued at about $82,000. Polar Asset Management Partners Inc. bought a new stake in shares of Intuitive Machines in the first quarter worth approximately $121,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Intuitive Machines in the first quarter worth approximately $140,000.

About Intuitive Machines

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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, as well as exploration to mars and beyond.

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