“Starbucks of China” down almost 70% on Thursday on fraud claims

April 4, 2020 admin Trading Ideas Comments Off on “Starbucks of China” down almost 70% on Thursday on fraud claims

Luckin Coffee (NASDAQ:LK) stock tanked more than 80% (and is down 66% at the time of this writing) after the company revealed an investigation that essentially proved what Muddy Waters alleged months ago. Luckin Coffee admitted to inflating its sales numbers after an internal investigation. Luckin Coffee reveals investigation In a press release filed with […] …read more

Source:: Yahoo Finance

      

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