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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Luminar Technologies Inc | NASDAQ:LAZR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.1303 | 7.16% | 1.9503 | 1.95 | 1.96 | 761,994 | 13:51:22 |
By Chris Wack
Luminar Technologies Inc. shares were up 10% to $14.78 after the company said it entered into a partnership with Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars.
Luminar said its Iris lidar technology, which is currently being prepared for series production, is expected to improve vehicle safety and the technical capabilities of highly automated driving systems.
The company said the partnership represents a major commercial win as it continues to execute toward series production.
Luminar stock hit its 52-week low of $13.42 on Wednesday.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 20, 2022 10:04 ET (15:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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