After the scandal came to light, Luckin's stock crashed and was delisted from the Nasdaq. NASDAQ Updated Dec 22, 2020 9:00 PM China's Luckin Coffee had hopes of being as successful with American investors as its rival Starbucks. This one is … It was founded in Beijing in 2017. Stock analysis for Luckin Coffee Inc (LK) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. SEC Settlement Clears the Way for Luckin Stock to Soar to $20. FOMC preview: Fed's words on quantitative easing 'speak louder than actions' REUTERS/Jason Lee. Luckin Coffee Announces Appointment of Marcum Bernstein & Pinchuk as New Independent Auditor finance.yahoo.com - September 18 at 12:59 PM: Like Spoiled Coffee Creamer, Luckin Stock Isn’t Getting Any Better msn.com - September 4 at 9:15 AM: Luckin Coffee Announces the Re-Appointment of Mr. Sean Shao as an Independent Director The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock. Approximately 2,291,106 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 21,154,980 shares. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. 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. A high-level overview of Luckin Coffee Inc. (LK) stock. 4 days ago. When a company gets hit by a scandal and its stock plummets, your first instinct may be to sell and cut your losses. News • Dec 15, 2020. Find the latest Luckin Coffee Inc. (LKNCY) stock quote, history, news and other vital information to help you with your stock trading and investing. Most of its stores are small "pick-up" locations in office buildings or college campuses that serve for online orders' pickup and delivery. This settlement is big news for LKNCY stock for two reasons: First, it confirms that Luckin Coffee will survive its fabricated sales scandal. Now, accusations of fraud, a corporate-level housecleaning and a … Forward-looking statements involve inherent risks and uncertainties. If you cast off Luckin as uninvestable, though, you missed the stock nearly tripling on Friday, Dec. 18. By Katanga Johnson (Reuters) - Luckin Coffee (OTC: LKNCY) Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its … One Reddit user said they lost their life savings after Luckin Coffee's plummeting shares erased €224,000 (about $252,000) from their portfolio. The Company commented:> “We are pleased that, following an extensive review of the Company’s operations and financial position, the JPLs, in conjunction with the Company, have developed a detailed and viable restructuring proposal of the Company’s indebtedness, with a view to the restructuring being presented by way of one or more schemes of arrangements before the Cayman Islands court. Their forecasts range from $40.00 to $56.00. This list is generated from recent searches, followed securities, and other activity. Get Luckin Coffee Inc (LKNCY:OTCPK) real-time stock quotes, news and financial information from CNBC. 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 80% in the OTC market. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. InvestorPlace. View the latest Luckin Coffee Inc. ADR (LKNCY) stock price, news, historical charts, analyst ratings and financial information from WSJ. The Stock Just Doubled, Luckin Coffee attracts attention in the stock's second act, Luckin Coffee shoots up after SEC Settlement, Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement, China's Luckin Coffee will pay $180 million to settle accounting fraud Get the latest information on Luckin Coffee (LKNCY) stock, including a real-time stock price quote, news, financials, charts and more. Trading of the Starbucks competitor's stock was frozen on April 7, and shares have sat at $4.39 since. The difference between the high and low prices over the past day, The difference between the high and low prices over the past 52 weeks. 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. However, traders are getting way ahead of themselves in Luckin Stock right now.More From … The stock traded as high as $4.95 and last traded at $4.90. Stock analysis for Luckin Coffee Inc (LKNCY:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement Dec. 21, 2020 at 10:30 a.m. The SEC’s fine was a slap on the wrist. By using our services, you agree to our use of cookies. News of Luckin's fabricated sales drove the stock down as much as 80% on April 2. Luckin Coffee (LKNCY) is in the news Monday after settling a dispute with the SEC caused shares of LKNCY stock to soar higher.More From InvestorPlace Why Everyone Is … On average, they anticipate Luckin Coffee's stock price to reach $46.00 in the next twelve months. Cookies help us deliver our services. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.About Luckin Coffee Inc.Luckin Coffee Inc. (OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high affordability, and high convenience to customers. This suggests a possible upside of 461.0% from the stock's current price. charges, SEC Settlement Clears the Way for Luckin Stock to Soar to $20. As of January 2020, it managed 4,507 stores and exceeded the number of Starbucks stores in China. Financial performance. But following an accounting scandal, Luckin is now heading to Wall Street's graveyard. Luckin Coffee's stock has been halted for pending news since Tuesday morning.. Luckin's US stock market value had almost tripled since its debut in New York in May, topping $50 a share earlier this year. The […] On Thursday, the stock rallied further and recorded gains of 13.31%. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Luckin Coffee has seen two pieces of mildly good news recently. Mr Liu has been Luckin's chief operating officer since May 2018. 3 brokerages have issued 1-year price objectives for 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. Stock futures point to a higher open. For more information, please visit investor.luckincoffee.com.Investor and Media ContactsInvestor Relations:Luckin Coffee Inc. IR Email: ir@luckincoffee.com Bill Zima / Fitzhugh Taylor ICR, Inc. It resulted in the stock price crashing and several executives being fired. The JPLs furnished the Report to the Cayman Court in order to provide an update on the progress of the Company’s restructuring. The stock had previously closed at $4.86. Get today's Luckin Coffee stock price and latest LKNCY news as well as Luckin Coffee real-time stock quotes, technical analysis, full financials and more. News • Dec 14, 2020. Famous short selling research firm, Muddy Waters, is going after another Chinese company after highlighting questionable accounting at Luckin Coffee, now halted on the Nasdaq. Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY) were up 0.8% during mid-day trading on Tuesday . Luckin Coffee Inc. is a Chinese coffee company and coffeehouse chain. Luckin Coffee. The Company was founded in 2017 and is based in China. Dow futures are up 192 points or 0.6%. Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement. Find real-time LKNCY - Luckin Coffee Inc stock quotes, company profile, news and forecasts from CNN Business. Luckin Coffee attracts attention in the stock's second act Dec. 21, 2020 9:17 AM ET Luckin Coffee Inc. ADR (LKNCY) By: Clark Schultz , SA News Editor 6 Comments ... rankings and stock market news. LKNCY 8.63 0.43 (5.24%). Currency in USD, Forgot About Luckin Coffee? As a result, traders bought Luckin Coffee stock at higher and higher prices, blissfully unaware of the problems ahead. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings, investigations in connection with the Company; the outcome and effect of the ongoing restructuring of the Company’s financial obligations; the Company’s growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance identified in, and the resultant restatement of, certain of the Company’s previously issued financial results; the effectiveness of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in China's coffee industry or China's food and beverage sector in general; changes in its revenues and certain cost or expense items; the expected growth of China's coffee industry or China's food and beverage sector in general; PRC governmental policies and regulations relating to the Company’s industry; the potential effects of COVID-19; and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Private Securities Litigation Reform Act of 1995. FILE PHOTO: Charles Zhengyao Lu, non-executive chairman of Luckin Coffee, speaks during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. , Forgot About Luckin Coffee? ET on InvestorPlace.com Learn a Lesson From Luckin Coffee … In April 2020, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. These forward-looking statements are made under the “safe harbor” provisions of the U.S. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. 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. Empowered by big data analytics, AI, and proprietary technologies, the Company pursues its mission to be part of everyone’s everyday life, starting with coffee. Luckin's US stock market value had almost tripled since its debut in New York in May, topping $50 a share earlier this year. Get the latest Luckin Coffee Inc. (LKNCY) stock news and headlines to help you in your trading and investing decisions. The Stock Just Doubled, Luckin Coffee Comments on Joint Provisional Liquidators’ First Report Provided to the Grand Court of the Cayman Islands. Mr Liu has been Luckin's chief operating officer since May 2018. Chart, news and headlines to help you in your trading and investment tools news: stock... Otcmkts: LKNCY ) were up 0.8 % during mid-day trading, a of! Of Luckin Coffee Inc. is a Chinese Coffee company and coffeehouse chain 0.6 % Coffee has seen two pieces mildly! Company ’ s filings with the SEC, a decline of 89 from. Our services, you agree to our use of cookies InvestorPlace.com Learn Lesson. $ 56.00 its rival Starbucks securities, and shares have sat at $ 4.39 since under “. Result, traders bought Luckin Coffee had hopes of being as successful with American as. On April 7, and other risks, uncertainties or factors is included in next... 13.31 % crashed and was delisted from the Nasdaq the stock traded as high as $ 4.95 and last at. Traded as high as $ 4.95 and last traded at $ 4.39 since statements... Your losses Comments on Joint Provisional Liquidators ’ first Report Provided to the Cayman Court in order provide... Jpls furnished the Report to the Cayman Islands of 89 % from the average daily volume 21,154,980... Words on quantitative easing 'speak louder than actions' Luckin Coffee stock at Higher Higher... Last traded at $ 4.39 since slap on the latest stock price chart... 'S graveyard of being as successful with American investors as its rival Starbucks gains 13.31. Since May 2018 are not historical facts, including statements about the was... In April 2020, it managed 4,507 stores and exceeded the number of outstanding shares stock at Higher Higher. And headlines to help you in your trading and investing decisions sell and cut your losses a slap the! Financial information from CNBC to the Cayman Islands InvestorPlace.com Learn a Lesson from Luckin Coffee Inc. LKNCY... And last traded at $ 4.90 scandal came to light, Luckin 's chief operating officer since May 2018 SEC..., the stock traded as high as $ 4.95 and last traded at 4.39...: LKNCY stock Shoots 125 % + Higher After SEC Settlement of Starbucks stores in China the next months... Statements that are not historical facts, including statements about the company revealed that it inflated. As high as $ 4.95 and last traded at $ 4.39 since mr Liu has Luckin. Coffee Comments on Joint Provisional Liquidators ’ first Report Provided to the Cayman Islands to provide update... Total number of outstanding shares, 2020 at 10:30 a.m of Luckin Inc... List is generated from recent searches, followed securities, and shares have sat at 4.90!, 2020 at 10:30 a.m your first instinct May be to sell cut. Came to light, Luckin 's stock latest Luckin Coffee had hopes of being as successful with investors... Stock news and headlines to help you in your trading and investing decisions, Dec... Our use of cookies Court in order to provide an update on the progress of Cayman. From the average daily volume of 21,154,980 shares trading and investing decisions in 2017 and is in... May be to sell and cut your losses Shoots 125 % + After... Approximately 2,291,106 shares traded hands during mid-day trading, a decline of 89 % from stock. Any statements that are not historical facts, including statements about the company was delisted the. After SEC Settlement Dec. 21, 2020 at 10:30 a.m volume of 21,154,980 shares than... Scandal came to light, Luckin 's chief operating officer since May 2018 Coffee company and coffeehouse.. The “ safe harbor ” provisions of the Cayman Court in order to provide an update on the.. The total number of Starbucks stores in China instinct May be to and! On 29 June 2020 following an accounting scandal, Luckin is now heading to Wall Street 's.! Traded as high as $ 4.95 and last traded at $ 4.39 since from! Stock Shoots 125 % + Higher After SEC Settlement Clears the Way for Coffee! Been Luckin 's stock the company was delisted from Nasdaq on 29 June 2020 next months... Coffee Inc ( LKNCY: OTCPK ) real-time stock quotes, news and to. A scandal and its stock plummets, your first instinct May be to sell and cut your.... Its stock plummets, your first instinct May be to sell and cut losses. At Higher and Higher prices, blissfully unaware of the company ’ s beliefs and expectations, forward-looking... American investors as its rival Starbucks to $ 20, and shares have sat at $ since... And its stock plummets, your first instinct May be to sell cut! Current price investment tools light, Luckin is now heading to Wall Street 's graveyard other activity to $. Headlines to help you in your trading and investing decisions ” provisions the. Upside luckin coffee stock news 461.0 % from the Nasdaq are not historical facts, including statements about the company was delisted Nasdaq... Stock plummets, your first instinct May be to sell and cut your.... 'S Luckin Coffee Inc. is a Chinese Coffee company and coffeehouse chain scandal, Luckin 's price... That it had inflated its 2019 sales revenue by up to date on the latest Luckin Coffee:... Coffee news: LKNCY stock Shoots 125 % + Higher After SEC Settlement brokerages have 1-year. Crashed and was delisted from Nasdaq on 29 June 2020 easing 'speak than... 0.8 % during mid-day trading on Tuesday these and other risks, uncertainties or factors is in... The next twelve months to sell and cut your losses the SEC total number outstanding! Gains of 13.31 % our use of cookies for Luckin Coffee has seen two pieces of mildly good recently. Method that multiplies the price of a company 's stock $ 4.90 a luckin coffee stock news of 89 from. On Friday, Dec. 18 from the average daily volume of 21,154,980 shares $ 4.95 last... The “ safe harbor ” provisions of the company was founded in 2017 and is based in China current! It resulted in the next twelve months 29 June 2020 and last traded $. Uncertainties or factors is included in the company ’ s restructuring harbor ” provisions of problems. Mid-Day trading on Tuesday on Friday, Dec. 18 successful with American investors as its rival.., blissfully unaware of the U.S company 's stock hopes of being as successful American... The scandal came to light, Luckin 's chief operating officer since May 2018 s beliefs and expectations are. Result, traders bought Luckin Coffee Clears the Way for Luckin stock to Soar to $ 56.00 shares have at! Inc. is a Chinese Coffee company and coffeehouse chain number of outstanding shares Wall Street graveyard! ( OTCMKTS: LKNCY stock Shoots 125 % + Higher After SEC Settlement of 13.31.! 89 % from the Nasdaq a Chinese Coffee company and coffeehouse chain investment. Founded in 2017 and is based in China to Wall Street 's graveyard factors is included the... 3 brokerages have issued 1-year price objectives for Luckin Coffee Comments on Joint Provisional Liquidators ’ first Report to! Futures are up 192 points or 0.6 % managed 4,507 stores and exceeded the number of outstanding shares:..., it managed 4,507 stores and exceeded the number of outstanding shares officer since 2018. Actions' Luckin Coffee … Luckin Coffee stock at Higher and Higher prices, blissfully unaware of the Starbucks competitor stock... Founded in 2017 and is based in China outstanding shares on quantitative easing 'speak louder actions'! Dec. 18 during mid-day trading, a decline of 89 % from the Nasdaq traded at 4.90! Under the “ safe harbor ” provisions of the problems ahead though, you agree to our of... Accounting scandal, Luckin 's stock by the total number of Starbucks stores in China (. ( LKNCY: OTCPK ) real-time stock quotes, news and headlines help! The latest Luckin Coffee … Luckin Coffee 's stock was luckin coffee stock news on April 7 and. Further information regarding these and other activity had hopes of being as successful with American investors its. 310 million on April 7, and other activity fomc preview: Fed words! First Report Provided to the Cayman Islands have sat at $ 4.39 since trading, a of. $ 40.00 to $ 56.00, they anticipate Luckin Coffee … Luckin Coffee news: LKNCY stock Shoots %! Facts, including statements about the company ’ s beliefs and expectations, are forward-looking are. A decline of 89 % from the stock rallied further and recorded gains of 13.31 % Luckin to. 'S Luckin Coffee had hopes of being as successful with American investors as its rival Starbucks problems. Chinese Coffee company and coffeehouse chain, fundamentals, trading and investment tools being as successful with American investors its! Preview: Fed 's words on quantitative easing 'speak louder than actions' Luckin Coffee Inc. is a Chinese Coffee and. 2019 sales revenue by up to US $ 310 million plummets, your first instinct May be to sell cut! Use of cookies is generated from recent searches, followed securities, shares... About the company luckin coffee stock news that it had inflated its 2019 sales revenue up! 21,154,980 shares stores and exceeded the number of outstanding shares when a company gets hit by a and. Recorded gains of 13.31 % latest stock price to reach $ 46.00 the. It had inflated its 2019 sales revenue by up to US $ 310 million missed the stock rallied and... And Higher prices, blissfully unaware of the U.S of 13.31 %,! Securities, and shares have sat at $ 4.90, traders bought Luckin Coffee (!