Weekly Recap | Luckin Coffee -3.73%, consensus target above spot
Weekly Review·- Luckin Coffee ADR accumulated a 3.73 % drop this week to close at 34.81 USD, accompanied by a high volatility of 9.73 % and an increased trading volume. - The company announced an expanded share buyback plan to signal confidence in its cash flow, while 13 out of 15 institutional analysts rated the stock as a buy or overweight with a consensus target price of 48.07 USD. - Investors will monitor whether the share buyback can stabilize the stock price amid upcoming macroeconomic data releases such as the PPI.