Streetbeat News

LKNCY

Luckin Coffee Inc

https://www.luckincoffee.com/

Open

23.00

Mkt cap

6.4B

Volume

211K

High

23.47

P/E Ratio

22.66

52-wk high

35.27

Low

22.77

Div yield

N/A

52-wk low

17.28

U.S. stock indices fell after the Fed maintained interest rates. Paramount Global received a $14.3 billion acquisition offer. Qualcomm reported a 5% revenue increase in Q1. Luckin Coffee plans expansion in Southeast Asia. New York Community Bancorp missed Q4 revenue estimates. Tesla faces uncertainty after a court ruling against CEO Musk's compensation plan.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 2:35 am

Guming Holdings Ltd., a Chinese tea shop chain, has applied for a Hong Kong IPO, aiming to expand its franchise network and compete in China's mid-priced tea market. With 9,001 outlets, mostly franchised, Guming's profits tripled in the first nine months of last year. The company's success is attributed to its franchise model, competitive pricing, and focus on second- and third-tier cities. Guming faces competition from Mixue Group and established brands like Nayuki and Heytea, which are also adjusting prices to capture market share. Luckin Coffee (OTC:LKNCY) is also mentioned as a competitor in the beverage market.

Portfolio Pulse from The Bamboo Works

January 12, 2024 | 3:28 pm

The stock market showed mixed performance with Dow Jones gaining over 70 points while S&P 500 and Nasdaq experienced a slight dip. Top trending stocks included Advanced Micro Devices (AMD), Luckin Coffee (LKNCY), Starbucks (SBUX), Pinterest (PINS), and Tesla (TSLA). AMD gained 2.80% following its plans to acquire Xilinx. LKNCY increased by 13.24% after announcing strong Q2 results. SBUX dipped slightly despite reporting record Q3 revenue. PINS also decreased slightly despite reporting better than expected earnings. TSLA decreased by 2.38% despite praise from Berkshire Hathaway’s vice chairman.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 10:38 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.