Luckin Coffee is trading at $34.87 (+4.53%) as the stock tracks a broader risk-on session for consumer discretionary shares despite no major company-specific news identified.
- The sector backdrop is supportive, with consumer discretionary up 2.80% following strong Amazon earnings and improving market sentiment.
- The move follows a period of strength for the stock, which closed at $33.30 on July 30 and maintained momentum through after-hours trading.