Reported 1 day ago
Luminar Technologies (NASDAQ: LAZR) saw its shares drop nearly 10% after executing a reverse stock split to comply with Nasdaq's listing requirements, as the company had received a delisting notice due to its share price falling below $1 for 30 days. The drop suggests investors lack confidence in the company's future performance, especially considering its shares have declined about 80% year-to-date.
Source: YAHOO