In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $5, marking a -1.96% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 4.84%.

Caterpillar teams up with Luminar to add its cutting-edge LiDAR technology to heavy machinery to boost automation, safety and efficiency.

Luminar Technologies' key partnerships with Volvo and Caterpillar could drive future revenue. Read why I maintain my buy ...