Innoviz Technologies jumps after Citron Research takes long position on company

Innoviz Technologies

31/07/2023 15:34

** Shares of Israel-based technology firm Innoviz
Technologies  INVZ.O  jump 15.5% to $3.9
    ** Citron Research says long on INVZ in a post on social
media platform X (formerly Twitter)
    ** Citron cites financial advising company Motley Fool
naming INVZ the "best AI company you've never heard of"
    ** "If earnings hint at a new production win this week,
watch out, top-notch management & genuine technology validated
by biggest names in auto make it an asymmetrical opportunity" -
Citron Research
    ** Also says short on automotive company Luminar
Technologies  LAZR.O 
    ** LAZR slightly pares earlier gains, last up 4.0%
    ** INVZ and LAZR did not immediately respond to a Reuters
request for comment
    ** INVZ down 0.7% and LAZR up nearly 48% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))