Is it Time to Dump Luminar Technologies Inc (LAZR) Stock After it Has Gained 0.32% in a Week?

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

Luminar Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LAZR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LAZR Stock Today?

Luminar Technologies Inc (LAZR) stock is trading at $15.60 as of 1:45 PM on Friday, Oct 22, a decline of -$0.56, or -3.5% from the previous closing price of $16.16. The stock has traded between $15.45 and $16.13 so far today. Volume today is light. So far 1,353,606 shares have traded compared to average volume of 2,223,710 shares.

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 the lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. Click Here to get the full Stock Report for Luminar Technologies Inc stock.