Lumiar's New Lows

Good evening everyone. Thank you for the video format feedback. I recorded another video to accompany today’s post.

The Russell 2000 led the major indices lower. Every sector settled negative.

New 52-Week Lows led New Highs — 70 vs. 60.

See the full sheets here. (PDF)

The Worst of the Worst

Lumiar Technologies ($LAZR) is the Worst of the Worst. The Lidar innovator lost -14.95% following its Q3 earnings report.

The company missed earnings estimates and reduced guidance. Lumiar is down -86% since its December 2020 SPAC.

Here’s the daily chart.

And weak weekly chart.

$LAZR has 26,652 followers on Stocktwits.

The Best of the Best

Vertex ($VERX) is the Best of the Best. The tax compliance software provider popped +21.03% and closed at its highest price since March 2021.

Vertex reported Q3 earnings before today’s session. The company beat estimates and raised guidance.

John Schwab, Chief Financial Officer commented, “Throughout the first nine months of 2023, we have consistently exceeded our financial expectations… We are once again increasing our full-year guidance for both revenue and Adjusted EBITDA to reflect the strong year-to-date financial results.”

Here’s the daily chart.

And weekly chart.

$VERX has 288 followers on Stocktwits.

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