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Luminar Technologies shares surge 10.47% intraday as Q3 revenue beats expectations and technical rebound follows 11/19 decline.
ByAinvest
Thursday, Nov 20, 2025 10:03 am ET1min read
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.
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