Luckin Coffee craters 45% after month-long trading halt as traders sell ahead of stock delisting (LK)

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Luckin Coffee cratered as much as 45% on Wednesday after a month-long trading halt on the stock was lifted. The company was originally halted on April 7 after it announced that senior executives fabricated as much as 2.2 billion yuan ($310 million) in sales last year. Luckin received a delisting notice from the Nasdaq exchange on Tuesday, but the company plans to request a hearing to fight the delisting.  Visit the Business Insider homepage for more stories.

Luckin Coffee crated as much as 45% on Wednesday after a weeks-long trading halt on the stock was lifted.

Read more    Source: businessinsider.com

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