Is Luminar Technologies Inc (LAZR) a Stock to Watch After Losing -1.98% This Week?

Luminar Technologies Inc (LAZR) stock is lower by 1.98% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Luminar Technologies Inc has a Bearish 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LAZR Stock Today?

Luminar Technologies Inc (LAZR) stock is trading at $16.81 as of 12:45 PM on Thursday, Sep 9, a rise of $0.28, or 1.69% from the previous closing price of $16.53. The stock has traded between $16.16 and $16.93 so far today. Volume today is light. So far 1,018,888 shares have traded compared to average volume of 3,450,047 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 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.