Why Intuitive Machines Stock Is Plummeting Today
Intuitive Machines (LUNR -12.82%) stock is getting hit with big sell-offs in Thursday's trading. The company's share price was down 12.2% at 3:30 p.m. ET. Meanwhile, the S&P 500 index had fallen 1.3% and the Nasdaq Composite index was off 2.3%.Investors are selling out of growth stocks today following Nvidia's recent fourth-quarter report, and Intuitive Machines stock has been an outsize participant in the pullback. The company's share price is likely also being pushed lower by a "buy the rumor, sell the ne ...