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Luckin Coffee (LK) Catches Eye: Stock Jumps 6.8%

Zacks Equity Research

Luckin Coffee Inc. LK was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $18.56 to $28.16 in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
 
Luckin Coffee currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative. 

Luckin Coffee Inc. Price

Luckin Coffee Inc. Sponsored ADR Price

Luckin Coffee Inc. price | Luckin Coffee Inc. Quote

Investors interested in the Beverages – Soft drinks industry may consider Barfresh Food Group, Inc. BRFH, which has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is LK going up? Or down? Predict to see what others think:Up or Down

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