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Luckin Coffee stock sinks 35% after trading resumes and one analyst says investors will be ‘wiped out’
...Luckin Coffee Inc. stock slumped 32% after it started trading again after more than a month, and Quo Vadis Capital thinks the stock will keep sinking. ...
...Adding to Luckin’s woes, the Nasdaq has sent the company a delisting notice. Luckin said the reason for the letter was “public interest concerns” given the “fabricated” transactions disclosed by the company in its annual report, and because of the company’s past failures in publicly disclosing material information. ...
https://www.marketwatch.com/story/luckin...k#cxrecs_s
Luckin Coffee stock sinks 35% after trading resumes and one analyst says investors will be ‘wiped out’
...Luckin Coffee Inc. stock slumped 32% after it started trading again after more than a month, and Quo Vadis Capital thinks the stock will keep sinking. ...
...Adding to Luckin’s woes, the Nasdaq has sent the company a delisting notice. Luckin said the reason for the letter was “public interest concerns” given the “fabricated” transactions disclosed by the company in its annual report, and because of the company’s past failures in publicly disclosing material information. ...
https://www.marketwatch.com/story/luckin...k#cxrecs_s
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