2 Months Ago
1 Min Read

LAZR shares hopped up 14% today. Here's why:

LAZR
+0.12% 24h



Shares of Luminar Technologies Inc - Class A (LAZR) are trading 14% higher at a price of $9.725 at the time of this writing.

  • Q2 results beat estimates by 57% 
  • Raised guidance 


Luminar Technologies Inc - Class A has been trading between a 52-week high of $23.9 and a 52-week low of $5.61. The stock has a market cap of $2.47 Billion.

Luminar is an autonomous vehicle sensor and software company with the vision to make self-driving safe and ubiquitous by delivering the only lidar and perception platform that meets the industry's stringent performance, safety, and economic requirements. Luminar has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world's largest commercial vehicle manufacturer, Daimler Truck AG and Volvo Cars, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich.

Headlines


Luminar Technologies trades high on raised guidance, price target raise at Cowen
Seeking Alpha 08-09-22

Luminar Technologies: Time To Get Serious About Backlog (NASDAQ:LAZR)
Seeking Alpha 08-09-22

Luminar Technologies PT Raised to $14 at Cowen
Investing.com 08-09-22

Luminar Technologies PT Lowered to $8 at Craig-Hallum
Investing.com 08-09-22

Small Cap Stock Luminar Technologies Inc. (LAZR) Is A Buy – Analysts
Marketing Sentinel 08-09-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

taffy_laffy - 3 upvotes - source
$LAZR weeklies going stratospheric

taffy_laffy - 3 upvotes - source
finally after weeks of being the only LAZR lover💸💸💸

22strokestreet - 3 upvotes - source
The LAZR squeeze welcomes the downtrodden BBBY crowd with open arms!

taffy_laffy - 2 upvotes - source
lmao $LAZR about to have a 25%-50% day💰💰💰

GTxSony - 2 upvotes - source
LAZR

taffy_laffy - 2 upvotes - source
$LAZR 💸💸

taffy_laffy - 2 upvotes - source
$LAZR in a month long squeeze💹💹$15 EoM

getshmoney69420 - 2 upvotes - source
LAZR time babbbyyyy

22strokestreet - 2 upvotes - source
Told you morons that LAZR was the squeeze, not bed bath and buttfuck

BlueAirplane01 - 2 upvotes - source
And to be Lazr too