There are currently no items in this Watchlist. A while back, Luckin Coffee stock was a dominant growth name but not run a legitimate operation. You may remember Luckin Coffee (OTCMKTS:LKNCY) as the ticker symbol LK. Market Activity. Get daily stock ideas top-performing Wall Street analysts. Growth stocks can be more volatile than other types of stocks. DOW 0.00%. After revelations this past year, Luckin Coffee stock was relegated to the over-the-counter market.  However, Luckin was able to recover some of those losses, ending lower by “just” 10.7% on the day.  Moreover, there’s something else to keep in mind with this stock. InvestorPlace - 2 days ago. Privacy Notice, and Real-time trade and investing ideas on Luckin Coffee LKNCY from the largest community of traders and investors. Click here to see what Matt has up his sleeve now. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Luckin Stock Can Grind Its Way Out of This Hole After all the events that transpired this year with Luckin Coffee (OTCMKTS:LKNCY), this can only be a speculative bet. Visit a quote page and your recently viewed tickers will be displayed here. While the company looked like it was about to go from modest coffeehouse to perennial powerhouse, Luckin just couldn’t resist cooking the books.  Get Stock & Bond Quotes, Trade Prices, Charts, Financials and Company News & Information for OTCQX, OTCQB and Pink Securities. The post Learn a Lesson From Luckin Coffee — and Avoid It in the Process appeared first on InvestorPlace. Many didn’t. Don’t get sucked into a low-liquidity over-the-counter asset by trying to catch this falling knife.  Cancel. 2, shares plunged as low as 81% after the company said it had accounting irregularities regarding its revenue. Historical and current end-of-day data provided by FACTSET. Price Action : LKNCY … Market Activity. By using this site you agree to the Luckin was the first Chinese stock with accounting issues and it won’t be the last. Luckin Coffee 8.63 0.43 (5.24%) Watch. Dow Jones, a News Corp company. ET on InvestorPlace.com. Find the latest news headlines from Luckin Coffee Inc ADR (LKNCY) at Nasdaq.com. Now traded on OTCMKTS, shares in Luckin Coffee stock were up 79% as of Dec. 16 from the August low. But where there’s smoke, there’s fire. Is Nio Stock Above the Electric Vehicle Investment Madness? On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.  This page features the latest news about the Luckin Coffee stock. Instead, just take Luckin as a lesson learned to do better due diligence, no matter how bullish or bearish the market is on a particular security.  Now What? All quotes are in local exchange time. My point? The Mobile Apps: Mobile apps cover the entire customer purchase process. LKNCY. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Top Stock Picker Reveals His Next 1,000% Winner Currency in USD, Trade prices are not sourced from all markets. Shares fell as much as 27% in a single day. LKNCY 8.63 0.43 (5.24%) NASDAQ Updated Dec 22, 2020 9:00 PM. Breakout Stocks Corona Virus Stocks. On Apr. The worst part about all of this? This browser is no longer supported at MarketWatch. Create a list of the investments you want to track. Luckin stock came to market in 2019 and after an iffy start, rallied 170%. Source: NewsToday / Shutterstock.com Shares of disgraced Chinese coffee chain Luckin Coffee (OTC: LKNC.Y) might have fallen off your radar earlier this year after the upstart coffee chain was exposed for fabricating hundreds of millions in sales in March. Luckin Coffee to Pay $180 Million to Settle Accounting Fraud Claims By The Wall Street Journal - Dec 16, 2020 Find real-time LKNCY - Luckin Coffee Inc stock quotes, company profile, news and forecasts from CNN Business. LKNCY Stock: Why Luckin Coffee Gains Are Brewing on Thursday InvestorPlace 4 days ago BABA Stock: 3 Big Reasons Alibaba Shares Are Struggling Today InvestorPlace 6 … Intraday Data provided by FACTSET and subject to terms of use. Luckin Founder Raises Money One bit of intriguing news out of the Luckin universe recently relates to its founder, Lu Zhengyao. The stock has been making a recovery in recent days and over the course of the past week, the Luckin Coffee Inc – ADR (OTCMKTS:LKNCY) stock has rallied by as much as … Today, the stock is even higher at $10.24. Luckin Founder Raises Money One bit of intriguing news out of the Luckin universe recently relates to its founder, Lu Zhengyao. Rooms Rankings Earnings Calendar Shop. Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement. That work was published on Jan. 31.  The news with Luckin dealt a blow to the reputation of Chinese stocks and that’s not fair. So, is that a sign to jump in? 8.63 0.43 (5.24%) Upgrade to Real-Time Market Closed . Follow LKNCY. The SEC’s fine was a slap on the wrist. Days later, it was halted for more than a month.  Then on Dec. 17, shares rocketed higher by almost 100% on the day. Matthew McCall left Wall Street to actually help investors –by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. More From InvestorPlace Luckin to Feel the Heat as Competition Intensifies, Avoid Luckin Coffee Stock Because Trust Still Matters, Luckin Shares Are Poised to Move Higher in the Nearer Term, Disgraced Luckin Coffee Should Still Be Avoided, Is Nio a Fraud? So, while Luckin may further recover, it’s too tainted to buy. All rights reserved. Because once a stock is relegated to the pink sheets, there’s a very good reason that it’s there. Chinese cafe chain Luckin Coffee has been in all sorts of trouble for quite some time but it seems that the stock is not completely dead just yet. However, the truth always catches up. Remember, China has a population of 1.4 billion. Subscribe to Premium to view Fair Value for LKNCY. Watch. 1, fell drastically by 75% the next day after the company disclosed its COO had been fabricating transactions for a year. LKNCY Stock News. Let Luckin Coffee stock serve as your reminder to do your due diligence.  It’s stint on the public market was impressive and had bulls looking for a long-term home run. What can we take out of this? Whether you were burned by this name or not, investors should part ways with the coffee company.  Its economic growth also outpaces most of the developed world, while its middle class is larger than the entire U.S. population.  So, rather than burning its coffee, the company burned its investors. Investors got burned as a result. However, in recent days, there have been some recent developments that might make the Luckin stock a more palatable proposition for investors. Bulls had a few months to bail out on Luckin once the reports were published. InvestorPlace - 3 days ago. Build a low-code factory and bring business and IT together in new ways. © 2020 Verizon Media. And while it was a great growth story then and showed plenty of promise, it was also a dishonest representation of the opportunity investors are seeing in China. InvestorPlace - Stock Market News, Stock Advice & Trading Tips But as investors, we can’t paint the entire group of Chinese stocks with the same brush. However, the reality is that many won’t because it’s too hard or takes up too much time. Trending now. Learn a Lesson From Luckin Coffee — and Avoid It … Stock analysis for Luckin Coffee Inc (LKNCY:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Sign Up. Before it got caught, there was writing on the wall for Luckin Coffee stock. So, while not every published short report equates to fraud, I’m suggesting we look at even our favorite stocks with an open mind.  Luckin Coffee, Inc. manufactures coffee and operates coffee retail stores. Without Transparency Luckin Cofee Stock Is Not Viable . So, while the Luckin situation reminds us to be wary, it also doesn’t discredit the many Chinese businesses that are absolutely crushing it. Stocks pulled back from recent gains Monday, as Wall Street turned cautious following news about a new, potentially more infectious strain of the coronavirus News Corporation (NASDAQ:NWSA) News Corporation (NASDAQ:NWSA) closed at $17.65 on the last … 3 Questions to Ask Before Investing, Chinese Antitrust Action Is Just An Inconvenience For Alibaba, Alibaba Stock Woes Won’t Last, So Stay Long in the Shares Into 2021. Why Everyone Is Investing in 5G All WRONG Copyright © 2020 MarketWatch, Inc. All rights reserved. Why? Cookie Notice. That being said, the company is still riddled with scandals and it is important for investors to take a closer look. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Luckin stock, quoting $26.20 on Apr. LKNCY - Luckin Coffee Inc. About. Luckin Coffee. Luckin Coffee Inc. ADR historical stock charts and prices, analyst ratings, financials, and today’s real-time LKNCY stock price. View LKNCY's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. Have Watchlists? 33,589 . After the scandal came to light, Luckin's stock crashed and was delisted from the Nasdaq. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Oct 8 2020. Business General. Get Luckin Coffee Inc (LKNCY:OTCPK) real-time stock quotes, news and financial information from CNBC. Webull offers kinds of Luckin Coffee Inc - ADR stock information, including OTCMKTS:LKNCY real-time market quotes, financial reports, professional analyst ratings, in-depth charts, corporate actions, LKNCY stock news, and many more online research tools to help you make informed decisions. Just no longer with Luckin Coffee stock.  Something went wrong while loading Watchlist. IQ. This settlement is big news for LKNCY stock for two reasons: First, it confirms that Luckin Coffee will survive its fabricated sales scandal. LKNCY Luckin Coffee (PK) News . Luckin Coffee (LKNCY) is in the news Monday after settling a dispute with the SEC caused shares of LKNCY stock to soar higher. OTCIQ. 7 Growth Stocks You Don't Want to Sleep On Log In. Specifically, Muddy Waters had published research about its questionable accounting practices. 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Find the latest Luckin Coffee Inc. (LKNCY) stock quote, history, news and other vital information to help you with your stock trading and investing. Subscriber Agreement & Terms of Use, Log in to see them here or sign up to get started. Luckin Coffee Stock in a Nutshell Sponsored Adr LKNCY investment & stock information. Radical New Battery Could Dismantle Oil Markets Blog. Stock quote and company snapshot for LUCKIN COFFEE INC (LKNCY), including profile, stock chart, recent news and events, analyst opinions, and research reports. If you cast off Luckin as uninvestable, though, you missed the stock nearly tripling on Friday, Dec. 18. For the best MarketWatch.com experience, please update to a modern browser. This was once a promising growth stock, but it led investors astray when top management was dishonest about sales, among other things. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Stock Ideas and Recommendations. A high-level overview of Luckin Coffee Inc. ADR (LKNCY) stock. Get the latest Luckin Coffee Inc. There is opportunity in China. The firm's new retail model is built upon mobile apps and store network. 4 days ago. Intraday data delayed at least 15 minutes or per exchange requirements. View Luckin Coffee Inc. Then on Feb. 3, the company denied the report, buying investors some time to assess the news.  NASDAQ 0.00%. Tip: Try a valid symbol or a specific company name for relevant results, Other OTC - Other OTC Delayed Price. Well, I’d love to sit here and say every investor should do their forensic due diligence. S&P 500 0.00%. Fundamentals. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. SEC Settlement Clears the Way for Luckin Stock to … The company was founded by Zhi Ya Qian in October 2017 and is headquartered in Fujian, China. Heck, look at how many pros missed this one.  It looks like investors may be ready for a fresh cup from Luckin Coffee (OTCMKTS: LKNCY… Value stocks can continue to be undervalued by the market for long periods of time. Analyzing Luckin Coffee (OTCMKTS:LKNCY) stock? That’s no longer the case. No — it’s time to move on. Learn a Lesson From Luckin Coffee — and Avoid It in the Process. The report came just a few weeks after Luckin hit an all-time high and the news sent a jolt of volatility into the share price. … Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement Dec. 21, 2020 at 10:30 a.m. The Store Network: Its pick-up stores have limited seating and are typically located in areas with high demand for coffee, such as office buildings, commercial areas and university campuses. Not only did the company defraud investors, but it hadn’t even been public for a year at that point. It procures coffee machines and coffee condiments from renowned global suppliers such as Schaerer. Instead, they were beaned in the batter’s box and rather than trotting to first, they were ruled out.  Click to EnlargeSource: Chart courtesy of StockCharts.com InvestorPlace - Stock Market News, Stock Advice & Trading Tips. InvestorPlace. View the latest Luckin Coffee Inc. ADR (LKNCY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Current Market . Chinese cafe chain Luckin Coffee (OTCMKTS:LKNCY) has been in all sorts of trouble in the past few months. Otc Delayed price in Fujian, China Chinese cafe chain Luckin Coffee news: LKNCY stock..., in recent days, there have been some recent developments that might the! This site you agree to the Subscriber Agreement & Terms of Use OTC - Other OTC - OTC... 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