Andrew Left’s Citron Research predicted via Twitter that “suckers game” Luminar (LAZR) shares will back to $20. The firm, known for its short-selling ideas, said it would rather own “industry leader” Velodyne Lidar (VLDR). Citron expects Velodyne shares will rally to $30. It tweeted: “$LAZR at $14 bil ($40) is not even a casino stock…you can actually win at a casino..it is more of a “suckers game” Would much rather own industry leader $VLDR at less than $4 bil mkt cap. Citron expects $LAZR back at $20 and $VLDR at $30.”
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