Soon after, the Nasdaq Composite

In April 2020, the company admitted to lying about its quarterly sales by over $300 million. Soon after, the Nasdaq Composite removed the company from its exchange. Then, the https://en.wikipedia.org/wiki/Foreign_exchange_market police in China raided its headquarters on fraud investigations. Its share price saw a corresponding plummet, shedding 90% of its stock value in the heat of the accusations.

Luckin Coffee stock

Luckin’s strong performance comes as a welcome breath of fresh air amid a generally tumultuous earnings season. Luckin Coffee’s upcoming earnings report date is Aug 17, 2022 which is in 82 days. Gauging Luckin Coffee’s Risk Factors Luckin Coffee provides a technology-driven retail network to serve coffee and other products to consumers. If a user or application submits more than 10 https://dotbig.com/markets/stocks/LKNCY/ requests per second, further requests from the IP address may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Crypto

Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Disgraced Chinese coffee chain Luckin Coffee Inc. disclosed Thursday afternoon that the board of directors’ attempt to oust its chairman had failed. The board to dismiss Charles Zhengyao Lu as a member of the board and t… Luckin Coffee Inc. said Monday its board has appointed Jinyi Guo, a board member and former acting chief executive officer, as the board’s chairman and company’s CEO, ending weeks of internal strife at the Chinese coffeeh… Please be aware that the liquidation of these positions may take 3-5 business days to be reflected in the App and that we cannot guarantee a specific price per share or time of trade.

  • All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice.
  • Luckin Coffee Inc. is based in Xiamen, the People’s Republic of China.
  • None of the information presented should be construed as an offer to sell or buy any particular security.
  • There is always the potential of losing money when you invest in securities or other financial products.
  • Following the earnings report the stock price went down -2.064%.

Sign up for a Robinhood brokerage account to watch Luckin Coffee and buy and sell other stock and options commission-free. Starbucks is trading higher on the news and a positive analyst upgrade. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Data are provided ‘as is’ nasdaq LKNCY for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. The average LKNCY stock price target is 40.00 with a high estimate of 40.00 and a low estimate of 40.00.

Is Luckin Coffee Overpriced?

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Luckin Coffee stock

The unusual structure of the Chinese market means the answer depends on where you’re investing. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s Forex premium services. The Chinese coffeehouse chain has nearly quadrupled from its recent lows. Things are going from bad to worse for the beleaguered Chinese coffeehouse chain.

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