LUNR is trading 7.7% down at $42.16 as the stock undergoes a period of normalization and profit-taking following a significant two-day rally.
- Shares jumped over 9% on May 28 after Roth Capital raised its price target from $50 to $75 while reiterating a Buy rating.
- Today’s pullback appears to be a technical correction following the analyst-driven spike, as there have been no new company-specific operating developments from Intuitive Machines.