Intuitive Machines, Inc. CEO Stephen J Altemus conducted multiple transactions on January 15 and January 16. On January 15, Mr. Altemus sold 428503 shares of Class A Common Stock at a weighted average price of $20.0638. Additionally, on January 16, he sold 58728 shares of Class A Common Stock at a weighted average price of $20.033. Intensive share reduction by executives usually implies that the company's current stock price might be overvalued, which can be regarded as a bearish signal.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments