Why These 3 Lidar Stocks Spiked Today

1 min read

The stock of Colonnade Acquisition (NYSE: CLA) is soaring this morning, and bringing other lidar-sensor makers along. Shares of Colonnade, a special purpose acquisition company (SPAC), were up 44% as of 10:50 a.m. EST on Tuesday. Shares of Luminar Technologies (NASDAQ: LAZR) and Velodyne Lidar (NASDAQ: VLDR) had moved 12% and 21% higher, respectively. 

The excitement around the group stems from news that Colonnade will be merging with Ouster, a maker of lidar sensors for self-driving cars and smart cities, among other applications. 

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Carrier Stock Tripled in 2020: Here’s Why It Still Has Room to Run

Next Story

Why Peloton Stock Was Spinning to an All-Time High Today

Latest from Blog