Luminar’s Survival at Stake Amid Financial Crisis

Luminar Technologies finds itself navigating the most severe financial storm in its corporate history. The lidar specialist is confronting an existential threat following the departure of key partner Volvo and mounting monetary pressures that have pushed the company to the brink.

Investors have expressed their apprehension through aggressive selling. Luminar’s stock recently declined 0.4 percent to $0.90, continuing a pronounced downward trajectory. The equity has recorded losses in seven of the past ten trading sessions, plummeting more than 21 percent during this period.

Despite the overwhelming pessimism, Thursday’s trading revealed an intriguing anomaly. Market participants acquired 63,317 call options, representing a 184 percent surge above the daily average volume. This unusual activity Read more...