This story originally appeared on Zacks
In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $17.84, marking a -0.78% move from the previous day. This change lagged the S&P 500’s 0.06% loss on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the company had gained 22.73% over the past month, outpacing the Auto-Tires-Trucks sector’s gain of 9.8% and the S&P 500’s gain of 5.76% in that time.
Investors will be hoping for strength from Luminar Technologies, Inc. as it approaches its next earnings release.
Investors should also note any recent changes to analyst estimates for Luminar Technologies, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that…