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Luckin Coffee stock jumps after financial restatement

Dow Jones2021-06-30

MW Luckin Coffee stock jumps after financial restatement

Luckin Coffee Inc. (LKNCY) stock jumped 8.2% in Wednesday premarket trading after the Chinese-based coffee purveyor released its restated fourth-quarter 2019 financial results. Luckin Coffee "substantially completed" . Luckin stock has gained 8.7% for the year to date while the S&P 500 index is up 14.3% for the period.

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$(END)$ Dow Jones Newswires

June 30, 2021 08:59 ET (12:59 GMT)

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  • hchng590
    ·2021-06-30
    Wonder if this is still a good stock, consider it was delisted from Nasdaq last year.[白眼] 
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