Luckin Coffee Inc (LKNCY): LK traded in excess of $400 million doll...

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Luckin Coffee Inc (LKNCY)

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Re: None

Monday, 04/06/2020 7:17:28 PM

Monday, April 06, 2020 7:17:28 PM

LK traded in excess of $400 million dollars worth of stock today.

Say that out loud to yourselves.

87.4 million shares with an average price of +/- $5 = $437,000,000.

I would think it's safe to say that the institutions had plenty of support to liquidate their entire holdings.

People are trading this stock almost as if it went bankrupt.

A $17 IPO for $4.45/share is what we are left with. The tangible assets alone value US north of $10 a share easy. These insiders are forced to liquidate so these funds can get paid.

Just let it happen.

I for one am not selling at a loss. I rarely do. LK will the extremely volatile for the time being but will ultimately reverse course and head back up because it's just completely oversold.

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Volume:
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Recent LKNCY News

Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 11:24:18 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 11:34:36 AM
Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 12:00:37 PM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 04:40:19 PM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/16/2023 11:30:29 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/13/2023 11:35:51 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/10/2023 02:28:13 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/03/2023 09:09:00 PM
Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/01/2023 11:00:04 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/07/2023 02:31:15 PM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/05/2023 11:35:22 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/03/2023 11:09:52 AM
Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/03/2023 11:03:46 AM
Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2023 11:00:26 AM

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