In a filing, Luminar Technologies Inc revealed its Chief Legal Officer Prescott Alan unloaded Company’s shares for reported $0.23 million on Sep 06 ’23. In the deal valued at $5.57 per share,42,171 shares were sold. As a result of this transaction, Prescott Alan now holds 1,467,282 shares worth roughly $2.41 million.
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Then, Fennimore Thomas sold 18,305 shares, generating $101,867 in total proceeds. Upon selling the shares at $5.57, the Chief Financial Officer now owns 692,699 shares.
Before that, Prescott Alan sold 37,433 shares. Luminar Technologies Inc shares valued at $269,866 were divested by the Chief Legal Officer at a price of $7.21 per share. As a result of the transaction, Prescott Alan now holds 1,509,453 shares, worth roughly $2.48 million.
BofA Securities downgraded its Luminar Technologies Inc [LAZR] rating to an Underperform from a a Neutral in a research note published on April 10, 2024; the price target was decreased to $1.20 from $3.50. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. TD Cowen maintained its rating on May 10, 2023. It rated LAZR as “an Outperform”.
Price Performance Review of LAZR
On Friday, Luminar Technologies Inc [NASDAQ:LAZR] saw its stock fall -5.20% to $1.64. Over the last five days, the stock has gained 7.89%. Luminar Technologies Inc shares have fallen nearly -51.34% since the year began. Nevertheless, the stocks have fallen -75.92% over the past one year. While a 52-week high of $8.32 was reached on 01/09/24, a 52-week low of $1.21 was recorded on 04/18/24. SMA at 50 days reached $1.6472, while 200 days put it at $2.9863. A total of 6.97 million shares were traded, compared to the trading of 8.44 million shares in the previous session.
Levels Of Support And Resistance For LAZR Stock
The 24-hour chart illustrates a support level at 1.5400, which if violated will result in even more drops to 1.4400. On the upside, there is a resistance level at 1.7500. A further resistance level may holdings at 1.8600. The Relative Strength Index (RSI) on the 14-day chart is 49.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0189, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.69%. Stochastics %K at 26.23% indicates the stock is a holding.
The most recent change occurred on April 25, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
