Luckin Coffee Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure |
Based in China
Company profile

LUCKIN COFFEE INC. is a China-based holding company mainly engaged in coffee retail business. The Company applies new retail models for coffee sales and services. The Company operates primarily through mobile apps and pick-up stores. The Company's products mainly include freshly brewed drinks, juices and light meals. The Company's main brand is Luckin Coffee.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Postmarket

Last Trade
Delayed
$14.27
0.02 (0.14%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$14.25
Day's Change
-0.27 (-1.86%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.34
Day's Low
14.02
Volume
(Light)
Volume:
1,450,629

10-day average volume:
2,914,767
1,450,629

NOV stock drops after BofA analysts turns bearish after double downgrade

1:27 pm ET March 11, 2022 (MarketWatch)
Print

Shares of NOV Inc. (NOV) dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services ETF (OIH) has advanced 16.5%, crude oil futures have climbed 13.7% and the S&P 500 has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. "[W]e are not 100% confident that Russia developments don't make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation," Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. (WHD) and ChampionX Corp. (CHX) to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively. Meanwhile, Mulvehill upgraded Liberty Oilfield Services Inc. (LBRT) and Chart Industries Inc. (GTLS) to buy from neutral, and shares of Liberty jumped 2.4% and Chart gained 0.3%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

March 11, 2022 13:27 ET (18:27 GMT)

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