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Why Intuitive Machines Started Mooning and Then Plummeted Back to Earth This Week

TheMotleyFool

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Why Intuitive Machines Started Mooning and Then Plummeted Back to Earth This Week: https://g.foolcdn.com/editorial/images/722280/a-view-of-the-earth-from-the-moon.jpg

Shares of Intuitive Machines (NASDAQ: LUNR) had a wild week of trading in its public market debut. Despite explosive gains on Wednesday's trading, the company closed out this week down 35% from the previous week's market close, according to S&P Global Market Intelligence.

Intuitive Machines appears to have briefly gained meme stock status, attracting interest from retail and institutional investors looking to make a quick profit on a swing trade. Unfortunately, the company's stratospheric gains proved to be short lived, and the stock ended the week deep in the red.

Image source: Getty Images.

Source Fool.com

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