Intuitive Machines is trading 4% down today at $14.19 as the stock faces continued selling pressure from recent capital-raising activities and index changes.
- The company is currently digesting a $500 million at-the-market (ATM) equity offering announced in early June, alongside multiple prior equity raises that have heightened dilution concerns.
- Shares are also under pressure following the stock's removal from several Russell indices, which has significantly reduced passive index demand.