Luminar Technologies Inc’s recently made public that its Director Heng Jun Hong unloaded Company’s shares for reported $0.37 million on Dec 23 ’24. In the deal valued at $5.10 per share,72,842 shares were sold. As a result of this transaction, Heng Jun Hong now holds 0 shares worth roughly $0.0.
Then, Jun Hong Heng bought 72,842 shares, generating $385,334 in total proceeds.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Deutsche Bank also remained covering LAZR and has decreased its forecast on January 17, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of LAZR
On Friday, Luminar Technologies Inc [NASDAQ:LAZR] saw its stock jump 7.68% to $5.75. Over the last five days, the stock has lost -10.44%. Luminar Technologies Inc shares have risen nearly 6.88% since the year began. Nevertheless, the stocks have fallen -86.26% over the past one year. While a 52-week high of $45.67 was reached on 01/07/25, a 52-week low of $4.93 was recorded on 01/29/25. SMA at 50 days reached $7.23, while 200 days put it at $15.83.
Levels Of Support And Resistance For LAZR Stock
The 24-hour chart illustrates a support level at 5.31, which if violated will result in even more drops to 4.86. On the upside, there is a resistance level at 6.25. A further resistance level may holdings at 6.74. The Relative Strength Index (RSI) on the 14-day chart is 43.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.04%. Stochastics %K at 10.64% indicates the stock is a buying.
How much short interest is there in Luminar Technologies Inc?
A steep rise in short interest was recorded in Luminar Technologies Inc stocks on 2025-01-15, dropping by -0.24 million shares to a total of 7.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 7.4 million shares. There was a decline of -3.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 10, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $10.
