Why Luckin Coffee Stock Jumped 25% in July
Luckin Coffee (NASDAQ: LK) stock popped 24.6% last month, according to data from S&P Global Market Intelligence. The S&P 500 returned 1.4% in July.
Investors who bought shares of the Beijing-based, technology-driven coffee retailer at its May initial public offering have been lucky, indeed. Since its IPO at $17 per share, Luckin Coffee stock has soared more than 52% through Aug. 9.
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Source Fool.com
