Coupang Inc’s recent filing unveils that its insider Rogers Harold unloaded Company’s shares for reported $2.54 million on Mar 18 ’24. In the deal valued at $18.25 per share,139,080 shares were sold. As a result of this transaction, Rogers Harold now holds 394,192 shares worth roughly $8.68 million.
Then, MEHTA NEIL sold 1,600,000 shares, generating $29,894,831 in total proceeds. Upon selling the shares at $18.68, the Director now owns 48,006,135 shares.
Before that, SVF Investments (UK) Ltd sold 15,000,000 shares. Coupang Inc shares valued at $294,000,000 were divested by the 10% Owner at a price of $19.60 per share. As a result of the transaction, SVF Investments (UK) Ltd now holds 349,542,259 shares, worth roughly $7.69 billion.
Citigroup upgraded its Coupang Inc [CPNG] rating to a Buy from a a Neutral in a research note published on April 15, 2024; the price target was increased to $26 from $19. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Citigroup also remained covering CPNG and has decreased its forecast on January 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on December 20, 2023. It rated CPNG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CPNG
On Friday, Coupang Inc [NYSE:CPNG] saw its stock fall -1.30% to $22.01. Over the last five days, the stock has gained 3.58%. Coupang Inc shares have risen nearly 35.95% since the year began. Nevertheless, the stocks have risen 38.43% over the past one year. While a 52-week high of $22.89 was reached on 04/17/24, a 52-week low of $13.51 was recorded on 02/02/24. SMA at 50 days reached $18.13, while 200 days put it at $17.18. A total of 11.94 million shares were traded, compared to the trading of 13.42 million shares in the previous session.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 21.73, which if violated will result in even more drops to 21.45. On the upside, there is a resistance level at 22.32. A further resistance level may holdings at 22.64. The Relative Strength Index (RSI) on the 14-day chart is 75.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.86%. Stochastics %K at 88.99% indicates the stock is a selling.
