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Do Traders View Luckin Coffee Inc - ADR (LK) Stock's Current Trend Positively?

Friday, May 29, 2020 10:52 AM | InvestorsObserver Analysts

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Do Traders View Luckin Coffee Inc - ADR (LK) Stock's Current Trend Positively?

Luckin Coffee Inc - ADR (LK) stock has risen 1.99% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,neutral
Luckin Coffee Inc - ADR has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LK!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With LK Stock Today?

Luckin Coffee Inc - ADR (LK) stock is down -0.49% while the S&P 500 has gained 0.62% as of 10:45 AM on Friday, May 29. LK is lower by -$0.01 from the previous closing price of $2.06 on volume of 15,901,332 shares. Over the past year the S&P 500 has risen 9.77% while LK is lower by -88.12%. LK lost -$2.23 per share in the over the last 12 months.

To see the top 5 stocks in the Restaurants industry click here.

More About Luckin Coffee Inc - ADR

Luckin Coffee Inc is a China based company engaged in operation of coffee stores. It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as juices and light meals.

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