The Stock Market Dived on Tuesday, but These 2 Stocks Thrived [The Motley Fool]
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: The Motley Fool
The Stock Market Dived on Tuesday, but These 2 Stocks Thrived Only a select few companies saw their share prices rise on such an awful day for the market. Here's a pair of them. Ouch! Tuesday was a day full of pain for investors in top stocks , with the markets sliding downward into the dirt. Very few stocks were spared. On such a day, it's hard to find any success stories. Thankfully, there were a few amid the rubble. Here's the skinny on two of these hardy survivors. It wasn't luck that pulled Luckin Coffee 's ( NASDAQ:LK ) American depositary receipts (ADRs) almost 6% higher on Tuesday. Rather, it's likely because a noted investor bought a big position in the company. Luckin, an upstart, China-based coffee chain operator, became a market darling when it was disclosed Friday afternoon that Lone Pine Capital had bought into it. Since that hedge fund is headed by veteran investor Stephen Mandel, its stock picks matter, and investors often follow by buying the same securities. With Luc
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