Luckin Coffee Inc ADR (LKNCY)
$9.16 1.04 (10.20%)
17:55 EST LKNCY Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 4.73M
Day's Range 9.00 - 10.10
52-Week Range 0.95 - 11.11
Dividend & Yield N/A (N/A)
LKNCY Stock Predictions, Articles, and Luckin Coffee Inc ADR News
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Formerly thought of as the Starbucks of China, Luckin stock is on the mend as the company settles with the SEC and grows its business.
Even after surging last month on news of a settlement with the SEC, investors should stay away from still-toxic Luckin stock.
Following its accounting scam last year, Luckin Coffee settled its lawsuit for $180 million. However, Luckin stock remains a risky bet despite a 150% rally in its share price.
There’s a lot of excitement over Luckin stock due to the SEC settlement, but investors should still be vigilant against this toxicity.
It’s been a terrible year for the entire world but the markets have had a good ride. Here are my seven best and worst stock picks of 2020.
With a new chance of a turnaround and redemption, Luckin stock could be worth between 41% and 86% above today's price. Read here about what the liquidators' report implies.
2020 was a volatile year. While some businesses had big growth, many others experienced a brutal reality. Let's look at 7 of the hardest hit.
Luckin Coffee (LKNCY) is in the news Monday after settling a dispute with the SEC caused shares of LKNCY stock to soar higher.
A while back, Luckin Coffee stock was a dominant growth name but not run a legitimate operation. Investors got burned as a result. What's the lesson?
A lack of transparency about the state of its business should make investors rightfully concerned about the viability of Luckin Coffee stock.
It’s the time to clean house and make portfolio space for stronger investment opportunities during 2021. Here are 7 stocks to sell.
Luckin stock is ready to put its fraud scandal in the rearview mirror. As it does, LKNCY will soar more than 300%.
LKNCY stock is perking up Thursday following a report that Luckin Coffee had reached a settlement with the SEC. Here's why it matters.
Luckin Coffee stock shows no signs of returning to a major exchange. And with little in the way of news flow, traders will move on to other prospects.
If you want to play the Chinese red hot coffee industry, Starbucks remains your best bet, as Luckin stock continues to struggle.
Despite some political developments seemingly favoring Luckin Coffee stock, the finer details reveal an organization that will have trouble courting investors.
Despite the ugliness, Luckin stock may be on the cusp of a strong upside move. However, the real question is whether shares of the disgraced coffee maker can keep the bullishness going.
Starbucks is challenged in China. Owners of Luckin Coffee stock know what this says about their investment in the disgraced coffee chain.
Luckin Coffee stock should be avoided. No updates on business development and financial progress from the company is a major concern. A wind-up of the business cannot be ruled out.
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U.S. President Donald Trump has signed a bill calling for the delisting of foreign companies that don't adhere to the same accounting transparency standards that securities regulators impose on public U.S. firms.Why It Matters: The Holding Foreign Companies Accountable Act takes aim at Chinese companies and drew rare strong bipartisan support in the U.S. Congress before arriving on Trump's desk.The act says delisting could happen if a given company doesn't comply with audit inspections three years in a row.China's government does not allow the board to perform audit inspections of Chinese companies listed in the US. Audit inspections are performed on other U.S.-listed companies by the Public Company Accounting Oversight Board, set up after accounting scandals such as the one that blew up Enron in the early 2000s.Chinese companies listed in the U.S. have been embroiled in financial scandals in the past -- including Luckin Coffee Inc - ADR (OTC: LKNCY) this year, which led to a Nasdaq delisting.Sixteen Chinese companies have delisted since February 2019, according to a government report in October.Carson Block, who has made himself a short-selling star through his investigations into Chinese companies, has called for the delisting of Chinese firms, saying to Bloomberg last month: "This is China and the Chinese stock promotion, manipulation fraud machine laughing in the face of the SEC."What's Next: Markets now await any news on specific delistings. The bill could affect 217 Chinese companies, including popular stocks such as Alibaba Group Holding Ltd - ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD), Nio Inc - ADR (NYSE: NIO), Xpeng Inc - ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI).But because of the three-year compliance timeline in the act, delistings may not be imminent.The author of this article holds shares in Luckin Coffee and an inverse ETF that tracks the downward performance of Chinese companies listed in Hong Kong.Photo credit: Xpeng Motor Technology Ltd.See more from Benzinga * Click here for options trades from Benzinga * Klarna Could Follow Affirm Holdings In Delaying Anticipated 'Buy Now, Pay Later' Fintech IPO * FTSE Russell To Drop 8 Chinese Companies From Some Indices, In Response To US Blacklist(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.