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

Zhang Peng/LightRocket/Getty Images 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. Lu...