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