Why Luminar Technologies' Shares Are Getting Zapped Today
Shares of lidar maker Luminar Technologies (NASDAQ: LAZR) were trading sharply lower on Thursday, after the company executed a reverse stock split to avoid being delisted from the Nasdaq Stock Market.
As of 11 a.m. ET, adjusted for the split, Luminar's shares were down about 10% from Wednesday's closing price.
Image source: Luminar Technologies.
Source Fool.com
