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LAZR Aug 2024 7.000 put
| Previous close | 5.64 |
| Open | 5.64 |
| Bid | 5.35 |
| Ask | 5.50 |
| Strike | 7.00 |
| Expiry date | 2024-08-16 |
| Day's range | 5.64 - 5.64 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
BenzingaLuminar Technologies Stock Is Trading Lower Monday - What's Going On?
Lidar company Luminar Technologies, Inc. (NASDAQ:LAZR) is reducing its workforce by 20% and relying more heavily on its contract manufacturing partner as it restructures towards a more “asset-light” business model to scale production. The stock is trading lower, and it went down as much as 13% on Monday. The workforce reduction will impact about 140 employees. The company will also part ways with most of its contract workers. Also Read: Will Luminar Technologies Need To Raise $1B In Capital? Thi
Barrons.comThese Stocks Are Moving the Most Today: Berkshire Hathaway, Micron, Palantir, Tesla, Tyson Foods, Perficient, Li Auto, Apple, and More
First-quarter operating profit at Warren Buffett’s Berkshire Hathaway jumps 39%, Micron stock is upgraded, and Palantir rises ahead of its earnings report after the closing bell Monday.
- Reuters
Luminar to cut nearly 20% jobs as part of restructuring
Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. Lidar sensors help self-driving cars and driver-assistance systems gain a three-dimensional map of the road, and is considered a key to achieving full autonomy in vehicles.
