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Go back to Amazon, T-Mobile rise premarket; Walgreens, Coinbase fall

Luminar Technologies (LAZR) shares slide despite new wins

January 5, 2023 3:50 PM EST

Luminar Technologies (NASDAQ: LAZR) announced Wednesday that its production deals signed in the fourth quarter exceeded targets.

The company said in its release after the close that it experienced more commercial momentum at the end of 2022 than expected, with "additional production wins for multiple consumer vehicle models with leading automakers."

Despite the positive news, Luminar shares fell more than 5% in Thursday's... More