Luminar Technologies Stock Has Become a Meme. Should You Buy LAZR Shares Here?

Luminar Technologies (LAZR) shares more than doubled on Friday even though the sensor maker filed for Chapter 11 bankruptcy after losing a key contract with the European automaker Volvo. As part of the restructuring, LAZR has agreed to sell its semiconductor business to Hoboken-based Quantum Computing (QUBT) for about $110 million in cash. More News from Barchart Despite Friday’s so-called rally, Luminar stock is going only for a fraction of its price at the start of 2025. www.barchart.com Should You ...