Home Top Movers Is Velodyne (VLDR) Stock Rising In Premarket Session For Any Particular Reason?

Is Velodyne (VLDR) Stock Rising In Premarket Session For Any Particular Reason?

Velodyne Lidar Inc. (NASDAQ:VLDR) shares are rising in premarket trade today, jumping by 2.44% to trade at $14.69 at the last check. The Velodyne stock fell by 1.04% to close the Wednesday trading at $14.34. A volume of 1.73 million shares of VLDR stock was traded, which was lower than the average of 4.63 million in the preceding three months.

A VLDR stock’s 50-day moving average of $14.19 is below its 200-day moving average of $18.02. Moreover, VLDR stock currently trades at a RSI value of 54.07. The VLDR stock is rising thanks to an EV maker choosing the company as its exclusive LIDAR supplier.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


VLDR’s LIDAR technology:

Real-time surround view lidar was invented by Velodyne, ushering in a new era of autonomous technology. A pioneer in the lidar industry, VLDR is dedicated to the development and commercialization of breakthrough lidar technologies. VLDR strives to further safer mobility for all by continuously innovating.

The Velodyne announced today it has been selected as the exclusive lidar supplier for Faraday Future’s pioneering All-Electric Vehicle (EV) FF 91.

  • A suite of autonomous driving features that targets complete highway, urban and parking autonomy will be enabled by VLDR’s solid-state Velarray H800 lidar sensors.
  • Based on Velodyne’s proprietary micro-lidar array architecture (MLA), Velodyne’s Velarray H800 solid state lidar sensor offers automotive grade performance.
  • This embedded sensor can be placed seamlessly behind the vehicle’s windshield for streamlined, seamless integration.
  • In combination with its broad field of view and long-range perception, the Velarray H800 is designed for safe navigation and collision avoidance in ADAS and autonomous mobility applications.

What FF will be getting?

FF is developing new driver assistance features that make its vehicles safer, ride smoother and more convenient using Velodyne Lidar (VLDR). Incorporating the VLDR sensor into the current vehicle architecture enhances the safety of navigation, collision avoidance, and a future-forward design.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

Himax Technologies, Inc. (HIMX) Stock Climbing After Promising Q1 2021 Financial Reports

Himax Technologies, Inc. (HIMX) stock prices were down by 6.97% as of the market closing on May 5th 2021, bringing the price per share...

Why BioCryst Pharmaceuticals, Inc. (BCRX) stock is climbing today?

BioCryst Pharmaceuticals, Inc. (BCRX) announced its first-quarter 2021 financial results after which the BCRX stock happened to be green as its per-share price went...

Precipio, Inc. (PRPO) Stock Trending Up Following Successful Launch of Covid-19 Antibody Testing Kit

Precipio, Inc. (PRPO) stock prices were down 3.62% as of the market closing on ay 5th 2021, bringing the price per hare down to...

Shares of Cinedigm Corp. (CIDM) are climbing high in the premarket. What’s Going On?

Cinedigm (NASDAQ:CIDM), a distributor of various movies, television and other digital content, managing a library of distribution rights to several thousand titles and different...

Why Stealth BioTherapeutics Corp (MITO) stock is soaring in Pre-Market today?

Stealth BioTherapeutics Corp (MITO) presented the data at the 2021 Association for Research in Vision and Ophthalmology (ARVO) Virtual Annual Meeting, which is collected...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.