Should You Buy the Short Squeeze in Luminar Stock?

Luminar has been volatile over the past year. Back in November 2024, LAZR stock hit a 52-week high of $18.60. Fast forward to today, though, and it’s trading at $1.94 per share – an 89% drop from its high. The decline has been steep, with shares down 64% year-to-date (YTD) and 40% over the past three months, even touching a low of $1.58 on Sept. 2.Backed by other partnerships with Nissan and Mercedes-Benz, Luminar is expanding its reach beyond passenger vehicles into commercial, defense, and drone markets. ...