Space exploration company Intuitive Machines Inc. (NASDAQ:LUNR) has demonstrated high price volatility this year, dwarfing even Bitcoin’s (CRYPTO: BTC) fluctuations.
What happened: The stock has been on a roller-coaster ride in 2024, with headline-driven price action dictating its course.
Shares of Intuitive Machines bumped to a two-year high in January on optimism surrounding its second moon landing attempt.
However, trouble started after the IM-2 lunar lander encountered technical difficulties and missed its intended landing site by 250 meters. Days later, the botched mission was declared dead. The LUNR stock has plunged 55% since the mission’s launch in late February and over 61% in the last …
Full story available on Benzinga.com