Why Velodyne, Luminar, and Collective Growth Stocks Are Up Today

Shares of several companies associated with lidar sensor technology were trading higher on Monday, on a burst of investor interest following reports of a deal that could take an Israeli lidar maker public.

Here's where things stood for these three stocks as of 1:15 p.m. EST, relative to their closing prices on Friday.

Lidar is a remote sensing technology that uses a pulsed laser beam to measure distances. Conceptually similar to radar, lidar (for "light detection and ranging") has many uses. Among them: Self-driving vehicle systems use lidar to make highly detailed images of the vehicle's surroundings. Those images are then compared with a detailed 3D map to help determine the vehicle's exact position from moment to moment.

Source Fool.com