Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Luminar Technologies Inc shares valued at $371,254 were sold by Heng Jun Hong on Dec 23 ’24. At $5.10 per share, Heng Jun Hong sold 72,842 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Jun Hong Heng purchased 72,842 shares, netting a total of over 385,334 in proceeds.
Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of January 17, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for LAZR.
Analyzing LAZR Stock Performance
During the last five days, there has been a drop of approximately -3.35%. Over the course of the year, Luminar Technologies Inc shares have dropped approximately -89.16%. Shares of the company reached a 52-week high of $53.48 on 01/09/24 and a 52-week low of $4.93 on 12/24/24. A 50-day SMA is recorded $10.37, while a 200-day SMA reached $18.15. Nevertheless, trading volume fell to 2.12 million shares from 2.93 million shares the previous day.
Support And Resistance Levels for Luminar Technologies Inc (LAZR)
According to the 24-hour chart, there is a support level at 5.14, which, if violated, would cause prices to drop to 4.81. In the upper region, resistance lies at 5.66. The next price resistance is at 5.84. RSI (Relative Strength Index) is 28.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.09, which suggests the price will decrease in the coming days. Percent R is at 85.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
