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Why Did Intuitive Machines Stock Bounce Back?

TheMotleyFool

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Easy come, easy go... easy come again?

Shares of Intuitive Machines (NASDAQ: LUNR) soared to nearly $45 in afternoon trading yesterday before plunging 27% in a matter of minutes. By the time trading ended, Intuitive stock had recovered some of its losses -- but lost all of its gains. The shares closed down 8.9% yesterday.

Wednesday is a different story. Shares of the space stock recovered strongly, surging 14% through 12:30 p.m. ET today. A renewed vote of confidence from Wall Street analyst Cantor Fitzgerald may be the reason.

Source Fool.com

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