Why Luminar Technologies Stock Raced Higher on Thursday
Luminar Technologies (NASDAQ: LAZR), which designs next-generation light detection and ranging (lidar) products that help assisted-driving vehicle systems "see," saw its stock accelerate impressively on Thursday.
Its price rose by nearly 9% on news of a deal with a storied American industrial company. That performance was far better than that of the S 500 index, which ended the day 0.3% in the red.
That company, Luminar, is industrial equipment and vehicle maker . Luminar will work on developing lidar solutions for an autonomous industrial vehicle its partner is developing.
Source Fool.com
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