Coupang Inc’s recent filing unveils that its Director Sun Benjamin unloaded Company’s shares for reported $14.44 million on Jun 17 ’24. In the deal valued at $20.63 per share,700,000 shares were sold. As a result of this transaction, Sun Benjamin now holds 2,169,421 shares worth roughly $45.73 million.
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Then, Kang Hanseung sold 40,000 shares, generating $920,000 in total proceeds. Upon selling the shares at $23.00, the Rep Director, Business Mngmt now owns 544,478 shares.
Before that, Kolari Pranam sold 6,490 shares. Coupang Inc shares valued at $148,816 were divested by the insider at a price of $22.93 per share. As a result of the transaction, Kolari Pranam now holds 181,461 shares, worth roughly $3.83 million.
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 Monday, Coupang Inc [NYSE:CPNG] saw its stock jump 0.62% to $21.08. Over the last five days, the stock has gained 0.09%. Coupang Inc shares have risen nearly 30.20% since the year began. Nevertheless, the stocks have risen 22.13% 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 $22.20, while 200 days put it at $18.17. A total of 6.3 million shares were traded, compared to the trading of 3.44 million shares in the previous session.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 20.72, which if violated will result in even more drops to 20.37. On the upside, there is a resistance level at 21.31. A further resistance level may holdings at 21.55. The Relative Strength Index (RSI) on the 14-day chart is 43.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.81%. Stochastics%K at 32.72% indicates the stock is a holding.
