Satellite stock and earth exploration maven LUNR has room to run this summer
Late last month, we dropped our summer report, featuring 10 picks that can make the old 'sell in May' adage obsolete. Today, we have satellite stock Intuitive Machines Inc (NASDAQ:LUNR). To access the entirety of the 2026 report, click here.
The following is our analysis and chart from April 24. LUNR is up 41% in May.
Space exploration stock Intuitive Machines (LUNR) in April broke out to three-year highs and is strongly outperforming the broader market to the tune of a 71% year-to-date gain. Since last August, the shares have risen more than 200%, all while short interest is up 70% during the same timeframe.
With 25% of the stock’s total available float sold short and LUNR showing persistent technical strength, many of these short sellers are trapped in a losing position and will be forced to cover.