Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Quantum Computing makes $110 million move nobody saw coming [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
The company has agreed to acquire recently bankrupt Luminar's semiconductor business unit in an all-cash transaction, betting that Luminar's photonics expertise originally built for LiDAR can help speed QCi's push towards commercial quantum systems. The acquisition of Luminar Semiconductor, Luminar's photonics and chip division, is valued at $110 million, clearly representing QCi's move to shift towards revenue-generating hardware by leveraging Luminar's existing customer base. On Monday, December 15, Luminar announced that it had initiated voluntary Chapter 11 proceedings in the US Bankruptcy Court, commencing a value-maximizing sale process for its LiDAR business and the equity of Luminar Semiconductors (LSI). Further emphasizing that LSI is not a debtor in this matter, and its operations remain unaffected. The market reacted swiftly. QCi's stock was down 9% on Wednesday, reflecting investor unease over the size of the acquisition, which also awaits clarity as Luminar goes th Show less Read more
Impact Snapshot
Event Time:
PLTR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for PLTR alerts
Opt-in for
PLTR alerts

from News Quantified
Opt-in for
PLTR alerts

from News Quantified