Intuitive Machines (LUNR) Slashes 15.9% on $175-Million Share Sale Plan

We recently published 10 Stocks Left Behind in a Roaring Market. Intuitive Machines Inc. (NASDAQ:LUNR) was one of the worst performers on Wednesday. Intuitive Machines declined by 15.93 percent on Wednesday to finish at $15.89 apiece as investors disposed of positions amid the dilution potential of its plans to raise $175 million from a share sale. In a statement on the same day, Intuitive Machines Inc. (NASDAQ:LUNR) said that the strategic equity investment would be led by global institutional investor ...