In a filing, Luminar Technologies Inc revealed 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.
JP Morgan downgraded its Luminar Technologies Inc [LAZR] rating to a Neutral from a an Overweight in a research note published recently. BofA Securities also remained covering LAZR and has decreased its forecast on April 10, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on January 17, 2024. It rated LAZR as “a Hold” which previously was an “a Buy”.
Price Performance Review of LAZR
On Monday, Luminar Technologies Inc [NASDAQ:LAZR] saw its stock fall -1.95% to $3.52. Over the last five days, the stock has lost -3.03%. Luminar Technologies Inc shares have fallen nearly -34.57% since the year began. Nevertheless, the stocks have fallen -85.69% over the past one year. While a 52-week high of $32.70 was reached on 01/07/25, a 52-week low of $3.30 was recorded on 04/16/25. SMA at 50 days reached $4.44, while 200 days put it at $8.33.
Levels Of Support And Resistance For LAZR Stock
The 24-hour chart illustrates a support level at 3.45, which if violated will result in even more drops to 3.39. On the upside, there is a resistance level at 3.59. A further resistance level may holdings at 3.67. The Relative Strength Index (RSI) on the 14-day chart is 40.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.59%. Stochastics %K at 7.78% indicates the stock is a buying.
