Why Luminar Technologies' Stock Is Higher Today
Shares of lidar-sensor maker Luminar Technologies (NASDAQ: LAZR) were sharply higher on Monday morning, on upbeat notes from Wall Street analysts after a sharp "false alarm" sell-off last week.
As of noon EST, Luminar's shares were up about 22.5% from Friday's closing price.
Luminar's stock price took a dive last Tuesday after a Reuters report suggested that key partner Mobileye might develop its own lidar units in-house, for use starting in 2025.
Source Fool.com
