Will the LK share price ever go to zero?
And the LK share price may approach zero when trading finally begins. But then another public or private group may easily enter the scene and buy the company which is still serving Chinese consumers.
Is LK stock the Starbucks of China?
Since its early days, LK stock has been touted as the Starbucks (NASDAQ: SBUX) of China. In May 2019, LK stock went public in the U.S. as an American Depositary Receipt ( ADR) at an opening price of $25.
Is the stock market open on MLK Day?
As a result, some banks are closed on MLK day, while some private businesses may also shut their doors-but are stock markets open on this federal holiday?
What happened to the stock price of Maruti Suzuki in April?
Following the press release of early April, the stock tanked from a closing price of $26.20 on April 1 to an opening price of $4.91 the next morning. When trading got halted on April 7, it was at $4.39.
What time does the stock market open in Sri Lanka?
9.30am - 2.30pmSTANDARD TRADING SESSIONSMarket PhaseTimeDateOpen Auction Call9:00am - 9:30amMonday - Friday (Except Public Holidays)Regular Trading9.30am - 2.30pmMarket Close2:30pm
What time do shares start trading?
9:30 a.m. to 4 p.m.Regular trading hours for the U.S. stock market, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq), are 9:30 a.m. to 4 p.m., except stock market holidays. (All times Eastern unless otherwise indicated.)
How can I buy stocks early?
0:0311:56How to Find Stocks BEFORE They Breakout (1000%+ Runners!)YouTubeStart of suggested clipEnd of suggested clipSo without wasting any time the first way that you're going to potentially find these explosiveMoreSo without wasting any time the first way that you're going to potentially find these explosive stocks before they explode is to look for what are known as sympathy plays.
What is the timing to buy and sell stocks?
These timings are also the same whether you want to trade on any of the two major stock exchanges in India, namely the BSE and the NSE. The regular market trading hours are from 09:15 AM and close at 03:30 PM. There's a pre-opening session before 09:15 AM and a post-closing session after 03:30 PM.
What is the best time of day to buy stocks?
Regular trading begins at 9:30 a.m. EST, so the hour ending at 10:30 a.m. EST is often the best trading time of the day. It offers the biggest moves in the shortest amount of time. Many professional day traders stop trading around 11:30 a.m., because that's when volatility and volume tend to taper off.
What day of the week is best to buy stocks?
MondaysBest Day of the Week to Buy Stocks It's called the Monday effect or the weekend effect. Anecdotally, traders say the stock market has had a tendency to drop on Mondays.
How do I find a stock that jumps all night?
0:277:07SwingTrading: HOW TO FIND 100% PROFIT OVERNIGHT STOCKS!YouTubeStart of suggested clipEnd of suggested clipBut the real key indicator of a very bullish overnight gapper is going to be a stock that has aMoreBut the real key indicator of a very bullish overnight gapper is going to be a stock that has a strong clothes. And then also a lot of times you'll get a big move after hours.
Where can I find stock that will skyrocket?
Pay attention to the stocks other people recommend and search their tickers on Google, and see what comes up. A more advanced approach involves using a stock screener to find stocks that fit certain criteria (i.e. EPS growth, recent stock price movement, sector, revenue growth, and other factors).
What stock should a beginner buy?
Best stocks to buy for a starter portfolio:Berkshire Hathaway Inc. (BRK.B)Alphabet Inc. (GOOG, GOOGL)Microsoft Corp. (MSFT)Apple Inc. (AAPL)Visa Inc. (V)Amazon.com Inc. (AMZN)BlackRock Inc. (BLK)JPMorgan Chase & Co. (JPM)More items...•
Can I buy share at 9 am?
Indian stock market trading hours start at 9:15 AM and end at 3:30 PM. However the Indian markets open between 9:00 a.m. and 9:15 a.m. for a pre-open market session. Pre-open market sessions had begun in India in 2010.
Can I buy shares at night?
The overnight trading hours for NSE are from 3:45 p.m. to 8:57 a.m. For currency trading, you can place an AMO between 3:45 p.m. and 8:59 a.m. For trading derivatives such as future and options (commonly known as F&O), the overnight trading hours are between 3:45 p.m. and 9:10 a.m.
Why do stocks fall on Mondays?
The Monday effect has been attributed to the impact of short selling, the tendency of companies to release more negative news on a Friday night, and the decline in market optimism a number of traders experience over the weekend.
Grab-and-Go Does Not Equal a Moat
The meteoric rise of Luckin brought attention to the company’s business model. Instead of building coffee shops that encourage customer interaction, Luckin’s model allows customers to simply grab their coffee and go about their day.
LK Stock Has Too Many Issues
David Moadel threw bullish investors a ray of hope. The company is cooperating with investigators and its stores are open. And Moadel makes the argument that a cup of joe is, after all, just a cup of joe. And the Chinese consumer, who is new to the coffee culture, may not discern one cup from another.
LK Stock Is Not Cheap
Most notably, LK stock trades at about 10x its 2019 revenue. (That figure is based on reported results for the first nine months, plus the midpoint of guidance given for the fourth quarter.)
Where Is The Earnings Report?
Readers might wonder why in the preceding paragraph, I mentioned guidance for the fourth quarter of 2019. After all, the end of March is quickly arriving.
LK Stock Needs Help
The risk is another market pullback. For those of us who lived through the 2000 bust and the 2008-09 financial crisis, this week’s trading does not feel like a true bottom, but a false one.
What is the Luckin business model?
The business model of Luckin is about bringing in users through the app. When a customer signs up, they get their first coffee free. After that they receive multiple coupons and offers all geared towards getting repeat customers. Here’s the problem.
Is LK stock a reward?
It’s not really a surprise that LK stock ( NYSE: LK) is being rewarded by investors. The company embraces a data-driven model in an era where analytics is a coin of the realm. This focus on data has fueled the company’s meteoric rise in China.
LK Stock and American Depositary Receipts (ADRs)
The Xiamen-based company started operations in Oct. 2017. Since its early days, LK stock has been touted as the Starbucks (NASDAQ: SBUX) of China.
Fraud Allegations
In late January, short-seller Muddy Waters released a report accusing Luckin Management of fraud. It also said the group had a “ fundamentally broken business .”
Luckin Stores Are Still Open in China
Indeed on April 21, the SEC put a public statement that warned investors on various risks due to investing in companies from emerging countries. It said,
The Bottom Line on LK Stock
In hindsight, investors who bought LK stock since its IPO may now be wondering whether the group completed the listing rather early in the company’s history. Instead should the business have focused on building market share and raising cash through other market mechanisms?
International Stock Exchanges' Trading Hours
A Wall Street sign with American flags and the New York Stock Exchange in Manhattan, New York City. The stock markets are closed on Martin Luther Jr. Day 2022 lucky-photographer/Getty Images
Remaining U.S Federal Holidays
Congress in 1885 decided federal employees should have certain days off from work and so introduced U.S. federal holidays to coincide with days of significance recognized and celebrated by Americans.
The Freeze and LK Stock
There are several factors that could be contributing to the extended trading halt. For one thing, the Nasdaq may have more concerns about the veracity of Luckin’s results. The company admitted to certain major discrepancies, but perhaps the stock exchange fears that even more will come out.
What Could Go Right for Luckin
The longer the trading halt drags on, the worse it looks for the company. But there’s still the possibility that things will turn out alright.
A Worst-Case Outcome
There are much darker potential outcomes as well. For a worst-case scenario, consider the example of Sino-Forest. Sino-Forest claimed to be one of the largest timber companies in China. Its stock was listed in Toronto, and it generated fantastic returns for its shareholders for more than a decade.
LK Stock Verdict
Given the trading halt, this is a weird situation. You can’t buy or sell Luckin until it resumes trading. And we don’t even know if that trading will ultimately happen on the Nasdaq, or if the company will be demoted to the Pink Sheets exchange.
