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LAZR - Luminar Technologies Inc News Story

$17.67 -0.4  -2.2%

Last Trade - 16/04/21

Market Cap £638.8m
Enterprise Value £638.5m
Revenue £n/a
Position in Universe 2946th / 6850

BUZZ-Short-seller Citron predicts drop in Luminar shares, sees Velodyne rising

Tue 8th December, 2020 6:30pm
** Shares of Peter Thiel-backed sensor maker Luminar
Technologies  LAZR.O  briefly fell as much as 10% to $36.77,
before paring losses to trade 4.7% lower
    ** Citron Research in a tweet says LAZR stock will fall to
$20 (https://bit.ly/2JD7FW4)
    ** Short-seller says it would rather own industry leader
Velodyne Lidar Inc  VLDR.O  at a less than $4 bln market cap;
Citron expects VLDR shares to hit $30
    ** VLDR shares up 9.5% at $20.59, hitting highest since
September after tweet 
    ** VLDR shares have gained ~3% since opening of trade as
public co on Sept 30, while LAZR shares have gained 66.7% since
opening trade on Dec 3
    ** Both cos went public through blank-check mergers
    

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))
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