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Why Intuitive Machines Stock Popped 12%, Then Dropped, Today

TheMotleyFool

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Why Intuitive Machines Stock Popped 12%, Then Dropped, Today: https://g.foolcdn.com/editorial/images/782075/rocket-with-dollar-sign-payload-launches-to-the-moon.jpg

Earlier this week, I suggested three space stocks that have gotten cheap enough after their SPAC-frenzy IPOs to be worth buying today. It seems someone on Wall Street was paying attention.

This morning, shares of one of my three space stock picks, lunar lander specialist Intuitive Machines (NASDAQ: LUNR), surged 12% on a new buy recommendation from investment bank B. Riley. The stock has turned around and resumed falling again, however, and as of 12:20 p.m. ET is now down 4% from Thursday's close.

What's up with that?

Source Fool.com

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