The market has been down on Luminar Technologies Inc (LAZR) stock recently. LAZR gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 has gained 1.86% while the S&P 500 has fallen -0.26% as of 1:21 PM on Wednesday, Jun 16. LAZR has gained $0.45 from the previous closing price of $23.88 on volume of 3,381,085 shares. Over the past year the S&P 500 has gained 38.12% while LAZR has gained 129.53%. LAZR lost -$2.35 per share in the over the last 12 months.
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 Score Report on Luminar Technologies Inc (LAZR) Stock.
