Why Luckin Coffee Stock Is Tumbling Today
Shares of Luckin Coffee (NASDAQ: LK) were getting burnt today after a short-seller came out and attacked the Chinese coffee chain. The timing was especially bad for Luckin, as the stock was already reeling from concerns about the coronavirus outbreak that has forced it to temporarily close stores.
The stock was down 14.5% as of 12:59 p.m EST, after trading down as much as 26.5% earlier in the session.
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Source Fool.com
