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Multiple Sources Lead to a Down Day
| 12/15/2020
$LARZ (Luminar Technologies Inc.)
On the Tuesday, Dec. 15th, 2020 the Hammerstone Feed alerted users to a news story that had recently been published by a global news outlet. The CEO of Intel’s ($INTC) vision-based self-driving car subsidiary Mobileye stated that they were planning to build their own LIDAR sensors instead of purchasing them from others. His comments conflicted with a technology-only new source article from 11/30 in which Luminar’s ($LAZR) CEO stated his company will supply lidar sensors for Mobileye. As the Mobileye contradictory statements picked up momentum on Wall Street, a short seller activist fund added fuel to the fire with a negative $LAZR tweet, sending $LAZR shares down another tranche, almost -15% shortly before 3 PM. Whether it is making our users aware of an article from a major news outlet or a comment from an influential investor over social media, Hammerstone’s goal to give its users the knowledge, context & timeliness to make educated decisions.
HsMkt (1:16:36 pm): $LAZR fade after Mobileye CEO tells Reuters that company plans to build own LIDAR
HsMkt (1:32:04 pm): $LAZRextends losses, sitting just off the lows down 7% now after Mobileye CEO tells [global new source] that the company plans to build its own LIDAR
HsMkt (1:33:03 pm): $VLDR shares have also sunk on the Mobileye comments, pares gains to +5.3%
HsMkt (1:41:11 pm): $LAZR @Influential Short Activist
We warned about $LAZR at $40 just last week. With Mobileye now in the LIDAR game $LAZR even at $27 gives it a $9B valuation on $15M in revs this year a long way down still in this SPAC mania
HsMkt (2:55:43 pm): $LAZR small bounce off lows after $INTC Mobileye news re: lidar and neg [Influential Short Seller] comments piling on, down 14.5% now
