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Orbisa on LAZR

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Orbisa on LAZR

Posted September 12, 2024 at 10:15 am
Orbisa

This time, Orbisa’s focus is on Luminar Technologies (Ticker: LAZR), a firm whose sensors are used in the autonomous systems of car manufacturers like Volvo and Nissan. Underperformance for Luminar, coupled with slow growth in the self-driving market, resulted in a 67% drop in its stock price year-to-date. Following the release of a disappointing earnings report on August 6, Orbisa saw a large spike in borrow quantity and financing rate, peaking at 123 million shares and nearly 8,000 basis points, respectively. 

Subscribe to Orbisa’s exclusive securities lending data on the Bloomberg Terminal today by entering terminal shortcut APPS ORBISA <GO> or click the following link: https://blinks.bloomberg.com/screens/apps%20orbisa

Originally Posted September 5, 2024 – Orbisa on LAZR

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One thought on “Orbisa on LAZR”

  • Kama Linden

    So are you saying that LAZR is bound to come back? I sadly own some, and have not sold them.

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ORBISA (the “Firm”) is not registered as an investment advisor or otherwise in any capacity with any securities regulatory authority. The information contained, referenced or linked to herein is proprietary and exclusive to the Firm, does not constitute investment or trading advice, is provided for general information and discussion purposes only and may not be copied or redistributed without the Firm’s prior written consent. The Firm assumes no responsibility or liability for the unauthorized use of any information contained, referenced or linked to herein. © 2023 EquiLend Holdings LLC. All rights reserved.

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This material is from Orbisa and is being posted with its permission. The views expressed in this material are solely those of the author and/or Orbisa and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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