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Do Traders Think Luminar Technologies Inc (LAZR) Can Turn Around Tuesday?

Tuesday, June 14, 2022 10:11 AM | InvestorsObserver Analysts
Do Traders Think Luminar Technologies Inc (LAZR) Can Turn Around Tuesday?

The market has been neutral on Luminar Technologies Inc (LAZR) stock recently. LAZR gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Luminar Technologies Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LAZR!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With LAZR Stock Today?

Luminar Technologies Inc (LAZR) stock is trading at $7.48 as of 10:07 AM on Tuesday, Jun 14, a rise of $0.13, or 1.77% from the previous closing price of $7.35. The stock has traded between $7.20 and $7.59 so far today. Volume today is light. So far 681,168 shares have traded compared to average volume of 6,174,372 shares. To see InvestorsObserver's Sentiment Score for Luminar Technologies Inc click here.

More About Luminar Technologies Inc

Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment. Click Here to get the full Stock Report for Luminar Technologies Inc stock.

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