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Is Luckin Coffee Inc - ADR (LKNCY) a Stock to Watch After Gaining 31.76% This Week?

Wednesday, January 19, 2022 03:11 PM | InvestorsObserver Analysts
Is Luckin Coffee Inc - ADR (LKNCY) a Stock to Watch After Gaining 31.76% This Week?

The market has been high on Luckin Coffee Inc - ADR (LKNCY) stock recently. LKNCY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LKNCY Stock Today?

Luckin Coffee Inc - ADR (LKNCY) stock is trading at $11.45 as of 2:55 PM on Wednesday, Jan 19, a gain of $1.55, or 15.66% from the previous closing price of $9.90. The stock has traded between $9.99 and $12.70 so far today. Volume today is high. So far 3,933,436 shares have traded compared to average volume of 1,686,800 shares.

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. Click Here to get the full Stock Report for Luckin Coffee Inc - ADR stock.

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