Coupang Inc’s recent filing unveils that its Rep Director, Business Mngmt Kang Hanseung unloaded Company’s shares for reported $0.92 million on May 30 ’24. In the deal valued at $23.00 per share,40,000 shares were sold. As a result of this transaction, Kang Hanseung now holds 544,478 shares worth roughly $11.65 million.
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Then, Kolari Pranam sold 6,490 shares, generating $148,816 in total proceeds. Upon selling the shares at $22.93, the insider now owns 181,461 shares.
Before that, GREENOAKS CAPITAL PARTNERS LLC bought 298,550 shares. Coupang Inc shares valued at $6,650,440 were divested by the Director at a price of $22.28 per share. As a result of the transaction, GREENOAKS CAPITAL PARTNERS LLC now holds 48,924,924 shares, worth roughly $1.05 billion.
UBS upgraded its Coupang Inc [CPNG] rating to a Buy from a a Neutral in a research note published recently. Citigroup also remained covering CPNG and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on February 29, 2024. It rated CPNG as “a Buy” which previously was an “a Hold”.
Price Performance Review of CPNG
On Friday, Coupang Inc [NYSE:CPNG] saw its stock fall -1.38% to $21.40. Over the last five days, the stock has lost -2.01%. Coupang Inc shares have risen nearly 32.18% since the year began. Nevertheless, the stocks have risen 27.53% over the past one year. While a 52-week high of $23.77 was reached on 05/07/24, a 52-week low of $13.51 was recorded on 02/02/24. SMA at 50 days reached $22.08, while 200 days put it at $18.06. A total of 6.15 million shares were traded, compared to the trading of 10.21 million shares in the previous session.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 21.09, which if violated will result in even more drops to 20.77. On the upside, there is a resistance level at 21.64. A further resistance level may holdings at 21.87. The Relative Strength Index (RSI) on the 14-day chart is 41.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.80%. Stochastics %K at 30.48% indicates the stock is a holding.
