Why Intuitive Machines Shares Are Trading Higher By Around 41%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Intuitive Machines, Inc. (NASDAQ:LUNR) shares surged 41.1% in pre-market trading after securing a NASA contract worth up to $4.82 billion. Other notable pre-market movers include Portage Biotech Inc. (NASDAQ:PRTG) with a 231% gain and Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) rising 89.3%.
September 18, 2024 | 9:58 am
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POSITIVE IMPACT
Intuitive Machines shares rose 41.1% in pre-market trading after being awarded a NASA contract for communication and navigation services, potentially worth $4.82 billion.
The significant contract with NASA is a major positive development for Intuitive Machines, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Odyssey Marine Exploration shares rose 89.3% in pre-market trading after a significant decline of 89% on Tuesday.
The sharp rebound in pre-market trading indicates a potential recovery or correction after the previous day's significant decline, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Portage Biotech Inc. shares gained 231% in pre-market trading, continuing momentum from a 15% rise on Tuesday.
The substantial pre-market gain suggests strong investor interest, possibly due to positive developments or market sentiment, leading to a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80