During the pandemic, Oxbridge’s stock (OXBR) seems to grow higher than $2 but resurrected Luckin Coffee (LKNCY) jumps higher than $5 while having a financial struggle and legal lawsuits. Frankly, Oxbridge is indeed facing the funding issues in the reinsurance service business amid the economic recession.
Today, OXBR is soaring from $1.86 to $2.66, perhaps, $3 position is around the corner. Next week if such a scenario happens the stock will trade at $6 before rocketing above $10. Many investors are precisely watching both OXBR and LKNCY and for their potential growth in 2020 without volatility.
If OXBR loses in NASDAQ the fate of LK will surely come to the company to trade in the OTC market. Anyway, LKNCY is still trending and getting new investors from anywhere to rebuild the lost reputation due to lawsuits.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.