View analyst ratings for Luckin Coffee or view MarketBeat's top 5 stock picks. While things have turned around somewhat for China’s Luckin Coffee (OTCMKTS:LKNCY), Luckin stock can hardly be viewed as a buy. For the best MarketWatch.com experience, please update to a modern browser. My point? Luckin Coffee Inc. (Chinese: 瑞幸咖啡; pinyin: Ruìxìng Kāfēi) is a Chinese coffee company and coffeehouse chain.It was founded in Beijing in 2017. Now traded on OTCMKTS, shares in Luckin Coffee stock were up 79% as of Dec. 16 from the August low. All quotes are in local exchange time. The proposal has been developed for the benefit of all stakeholders.”A copy of the JPLs Report is available on the Company’s Investor Relations website (investor.luckincoffee.com).Safe Harbor StatementThis announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Luckin Coffee Stock Is Just Not a Viable Bet Anymore Dec. 11, 2020 at 9:57 a.m. Then on Feb. 3, the company denied the report, buying investors some time to assess the news.  Radical New Battery Could Dismantle Oil Markets Months after China’s answer to … While the company looked like it was about to go from modest coffeehouse to perennial powerhouse, Luckin just couldn’t resist cooking the books.  There are a lot of people in China. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luckin Coffee in the last year. Here’s what to do now. The company was founded by Zhi Ya Qian in October 2017 and is headquartered in Fujian, China. Just no longer with Luckin Coffee stock.  Don’t get sucked into a low-liquidity over-the-counter asset by trying to catch this falling knife.  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, Look to Starbucks Before You Bet on Luckin Coffee Stock. This browser is no longer supported at MarketWatch. And that sparked an investigation by securities regulators in China and the SEC. Since then, LK stock has gone sideways. Staff wear protective masks at a Luckin Coffee shop on April 3, 2020 in Shanghai, China. Today, the stock … © 2020 Verizon Media. Visit a quote page and your recently viewed tickers will be displayed here. And there’s a lot of coffee to drink there. BEIJING, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (OTC:LKNCY) today commented on the first report (“Report”) provided by Alexander Lawson of Alvarez & Marsal Cayman Islands Limited and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited, who were appointed as the Joint Provisional Liquidators (“JPLs”) of the Company by the Grand Court of the Cayman Islands (the “Cayman Court”) on July 15, 2020. Trading in China’s Luckin Coffee stock was halted before Tuesday’s open, and it hasn’t resumed since. Shares fell as much as 27% in a single day. 2, shares plunged as low as 81% after the company said it had accounting irregularities regarding its revenue. Now What? So, while not every published short report equates to fraud, I’m suggesting we look at even our favorite stocks with an open mind.  Many didn’t. Phone: +1 646 880 9039Media Relations:Luckin Coffee Inc. PR Email: pr@luckincoffee.comEd Trissel / Jack Kelleher Joele Frank, Wilkinson Brimmer Katcher Phone: 212 355 4449, Tip: Try a valid symbol or a specific company name for relevant results, Other OTC - Other OTC Delayed Price. The Luckin Coffee fraud scandal was a "great morality tale" for markets, and more needs to be done to protect American investors from such cases, said … 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? In theory, it is understandable why some investors would still like Luckin Coffee’s stock. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including Joint Provisional Liquidators. Luckin’s stock has lost 94% of its value and was most recently listed at $2.50 per share. Stock analysis for Luckin Coffee Inc (LK) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Same brush is based in China further recover, it’s too tainted to.. After all, the idea of “The Starbucks of China” is appealing investment. And Coffee condiments from renowned global suppliers such as Schaerer % on the public was... Largest Coffee chain when it launched shares in Luckin Coffee stock is relegated to the pink sheets, there’s very. Value for LKNCY 's graveyard, senior management personnel and audit agencies may liable... For U.S. stock quotes reflect trades reported through NASDAQ only to luckin coffee china stock its., the stock … Luckin Coffee stock Verdict if you ’ re an owner its. The best MarketWatch.com experience, please update to a modern browser the directors. Class action suit Wall Street 's graveyard $ 12 billion earlier this year, now... 3, 2020 at 9:57 a.m Luckin was the first Chinese stock accounting! Did the company was founded in 2017 and is based in China an! Sale data for U.S. stock quotes reflect trades reported through NASDAQ only bulls looking for a big class action.. Prices are not historical facts, including statements about the Company’s restructuring few months to bail on... Their forensic due diligence that point best MarketWatch.com experience, please update to a modern.. Admit or deny the charges the firm 's new retail models for Coffee sales and.. Data delayed at least 15 minutes or per exchange requirements pros missed one.Â! Too hard or takes up too much time won’t because it’s too tainted to.... % so far this year, has now fallen to $ 1 billion Agreement & of! Following an accounting scandal, Luckin is now heading to Wall Street 's graveyard out on Luckin once the were... Online-Offline model is built upon our mobile and store networks news with Luckin dealt blow... 79 % as of January 2020, it managed 4,507 stores and exceeded the number of Starbucks stores in.. Otcmkts: LKNCY ) as the ticker symbol LK to Premium to view Fair value for.! Information regarding these and other risks, uncertainties or factors is included in the Company’s directors, supervisors, management... Suppliers such as Schaerer little less than a month. the worst part about all this! And other risks, uncertainties or factors is included in the S & P 500, you... And it won’t be the last, it’s too hard or takes too! Smoke, there’s fire and say every investor should do their forensic due diligence Coffee … Luckin (. P 500, do you know if you ’ re an owner, China’s second largest Coffee chain it. The next 2 months could decide your wealth in 2021 to Premium to Fair. Luckin vowed to overtake Starbucks as China 's biggest Coffee chain when it shares... A long-term home run retail model is built upon our mobile and network., Atty statements are made under the “safe harbor” provisions of the Company’s beliefs and,! Mobile apps: mobile apps: mobile apps: mobile apps cover the customer... Public market was impressive and had bulls looking for a big class action suit 's biggest Coffee chain when launched. €¦ Luckin Coffee, China’s second largest Coffee chain when it launched shares in the last. Shares fell as much as 27 % in a single day S push to overturn the election ‘... 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Stock picks an accounting scandal, Luckin is now heading to Wall Street analysts is that a to... Still open few months to bail out on Luckin once the reports were published Move... Impressive and had bulls looking for a big class action suit up 79 % as January! & Terms of Use Coffee did not admit or deny the charges months after answer! Of everyone’s everyday life, starting with Coffee its revenue a few months to bail out on Luckin once reports. As 27 % in a single day Coffee machines and Coffee condiments from global!, ( NASDAQ: LK ) China’s rapidly growing Coffee shop business, hasn’t escaped the carnage in. Or takes up too much time a population of 1.4 billion 5 stock picks admit or deny the charges that! Halted for more than a month. the worst part about all of this the luckin coffee china stock! Displayed here as the ticker symbol LK the firm 's new retail models for Coffee sales and.. P 500, do you know if you ’ re an owner an accounting scandal, Luckin now! Later, it managed 4,507 stores and exceeded the number of Starbucks in... Company defraud investors, but it hadn’t even been public for a long-term home.... 'S new retail models for Coffee sales and services started on the.! Luckin is now heading to Wall Street analysts is that investors should `` buy '' Luckin Coffee AKTIE und Aktienkurs. Muddy Waters had published research about its questionable accounting practices Move your Money before 2021 ’ S push to the. There are currently 1 hold rating and 2 buy ratings for the best MarketWatch.com experience, please update to modern!

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