Intuitive Machines (LUNR) is trading at $36.29 (+5.99%) after a significant institutional investment was disclosed and on the heels of recent bullish analyst sentiment.
- A 13F filing on May 22 revealed the Trustees of the University of Pennsylvania purchased a new stake of over 3.2 million shares, valued at approximately $52.69 million.
- The move adds to recent positive momentum, which has been supported by several analysts raising their price targets on the stock in mid-May following strong quarterly results.
- The stock continues to show volatility, with high short interest making it a 'polarized space-tech name' among investors.