Luminar Technologies, Inc. (LAZR) Stock Sinks As Market Gains: Here's Why

Luminar Technologies, Inc. (LAZR) ended the recent trading session at $3.39, demonstrating a -10.32% change from the preceding day's closing price. This change lagged the S&P 500's 0.07% gain on the day. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.18%. Shares of the company have appreciated by 40.52% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 2.96%, and the S&P 500's gain of 5.71%.The investment communit ...