Luminar Technologies shares surge 10.47% intraday as Q3 revenue beats expectations and technical rebound follows 11/19 decline.

Luminar Technologies surged 10.47% intraday, driven by a technical rebound following a decline, supported by Q3 revenue exceeding expectations. However, the company faces long-term challenges including the termination of its lidar collaboration with Volvo and financial difficulties. The stock had previously risen 4.53% on November 19 amid the Q3 earnings boost but remains in a downward trend due to ongoing partnership losses, liquidity risks, and bankruptcy concerns.