Why Luminar Technologies Stock Raced Higher on Thursday

Luminar Technologies (LAZR 8.66%), which designs next-generation light detection and ranging (lidar) products that help assisted-driving vehicle systems "see," saw its stock accelerate impressively on Thursday.Its price rose by nearly 9% on news of a deal with a storied American industrial company. That performance was far better than that of the S&P 500 index, which ended the day 0.3% in the red. Caterpillar autonomyThat company, Luminar, is industrial equipment and vehicle maker Caterpillar. Luminar will ...