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.
Down almost 90% from all-time highs, Luminar Technologies is a growth stock that's part of the autonomous vehicle megatrend. Is LAZR stock a good buy right now?
Luminar's Q3 sales came in way below Wall Street's expectations. So why did the stock rally?
Luminar Tech expects revenue and gross loss to improve sequentially in the fourth quarter.
Retail sentiment around the stock shifted to 'bearish' on Friday, with users anticipating the company will announce the reverse split after the earnings.
While investor focus has been on Telsa, Waymo has quietly taken the lead in robotaxis.
The EV market isn't growing as quickly as hoped, and that will put pressure on companies that aren't industry leaders.
Can trade protections save the company?
Earnings left a lot to be desired.
After today's big sell-off, Luminar stock is down 74% in 2024.