In the most recent trading session, Luminar Technologies, Inc. (LAZR) closed at $5.17, indicating a -1.9% shift from the previous trading day.
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company announced that Luminar's technology will be equipped in the new Volvo ES90, which is slated for production this year. This marks the second Volvo car model to feature Luminar's technology, following the successful launch of the automaker's flagship SUV, the Volvo EX90, which is now being delivered to customers. “We're proud to be selected in conjunction with industry leaders like NVIDIA for a.
Luminar Technologies, Inc. (LAZR) concluded the recent trading session at $5.20, signifying a +1.17% move from its prior day's close.
Luminar Technologies, Inc. (LAZR) finished the last trading day at $5.42, which is a decrease of 0.28% compared to the day before.
Luminar Technologies, Inc. (LAZR) closed the most recent trading day at $5.42, moving -0.28% from the previous trading session.
In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $5.34, marking a +1.71% move from the previous day.
Luminar Technologies, Inc. (LAZR) reachead $5.25 at the closing of the latest trading day, reflecting a -1.78% change compared to its last close.
Luminar Technologies (LAZR 3.88%), a producer of automotive lidars, has burned a lot of investors since its public debut on Dec. 2, 2020. Its stock opened at $354.75, set a record high of $627 five days later, but now trades at about $6.
Imagine a future where self-driving cars solve day-to-day issues like long commutes, traffic jams, and roadway dangers. Before that future can become a reality, companies need to build systems that will allow self-driving vehicles to fully operate.
I reiterate a buy rating for Luminar Technologies due to its strong innovation and strategic partnerships, despite recent share price weakness. The upcoming Halo LiDAR launch in 2026 is a potential game-changer, offering significant performance and cost improvements for high-level autonomous driving. LAZR's partnerships with Volvo and a major Japanese OEM highlight its product reliability and credibility, creating a flywheel effect for future adoption.