Some people with a lot of money are betting that a company called Luminar Technologies will lose value. They are buying options that give them the right to sell the company's stock at a certain price, hoping that the stock price will go down so they can make money. This could be bad news for the company, because if people think the stock will go down, they might not want to buy it, which could make the stock price go down even more. Read from source...

Article's Sentiment: bearish

Excerpts:

- Whales with a lot of money to spend have taken a noticeably bearish stance on Luminar Technologies.
- Analyzing the Volume and Open Interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Luminar Technologies's options at certain strike prices.
- Following our analysis of the options activities associated with Luminar Technologies, we pivot to a closer look at the company's own performance.
- Current Position of Luminar Technologies: With a trading volume of 16,389,381, the price of LAZR is down by -21.35%, reaching $1.1.
- Next earnings report is scheduled for 91 days from now.
- What Analysts Are Saying About Luminar Technologies: Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $4.0.