Ouster (NASDAQ: OUST) shares jumped by more thab 28% on June 29, extending a multi-week rally that has taken the stock to near $55.
The move follows a stack of newly announced manufacturing and partnership deals tied to the company's Rev8 lidar platform.
Ouster is a San Francisco-based lidar company, founded in 2015 by Angus Pacala and Mark Frichtl, that makes high-resolution digital lidar sensors giving 3D vision to vehicles, robots, drones, and fixed infrastructure like traffic systems.
Year-to-date, the company is up 142%, but on Monday, it rose 28.68% in a single day. Trading volume on the rally days has run several times above Ouster's average. The stock's 52-week high was set in the same stretch at around $54.
The centerpiece of the run is an expanded manufacturing partnership with Benchmark Electronics. Ouster is committed to building more than 100,000 Rev8 OS digital lidar sensors per year over a 10-year horizon, targeting industrial, robotics, automotive, and smart infrastructure customers.
The move follows a stack of newly announced manufacturing and partnership deals tied to the company's Rev8 lidar platform.
Ouster is a San Francisco-based lidar company, founded in 2015 by Angus Pacala and Mark Frichtl, that makes high-resolution digital lidar sensors giving 3D vision to vehicles, robots, drones, and fixed infrastructure like traffic systems.
Year-to-date, the company is up 142%, but on Monday, it rose 28.68% in a single day. Trading volume on the rally days has run several times above Ouster's average. The stock's 52-week high was set in the same stretch at around $54.
The centerpiece of the run is an expanded manufacturing partnership with Benchmark Electronics. Ouster is committed to building more than 100,000 Rev8 OS digital lidar sensors per year over a 10-year horizon, targeting industrial, robotics, automotive, and smart infrastructure customers.
4 months ago
