Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coupang Inc shares valued at $23,164 were purchased by Pranam Kolari on Oct 02 ’24. At $24.23 per share, Pranam Kolari acquired 956 shares.
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Also, GREENOAKS CAPITAL PARTNERS LLC purchased 200,000 shares, netting a total of over 4,586,340 in proceeds. Following the buying of shares at $22.93 each, the insider now holds 50,676,224 shares.
Before that, GREENOAKS CAPITAL PARTNERS LLC had added 100,000 shares to its account. In a trade valued at $2,294,980, the Director bought Coupang Inc shares for $22.95 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $1.22 billion.
As published in a research note from CLSA on September 04, 2024, Coupang Inc [CPNG] has been rated up from a Hold to an Outperform and the price target has been revised to $31 from $18. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. Earlier on April 15, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for CPNG stock which previously was a “a Neutral”.
Analyzing CPNG Stock Performance
During the last five days, there has been a drop of approximately -2.81%. Over the course of the year, Coupang Inc shares have jumped approximately 49.41%. Shares of the company reached a 52-week high of $25.19 on 09/27/24 and a 52-week low of $13.51 on 02/02/24. A 50-day SMA is recorded $22.69, while a 200-day SMA reached $19.99. Nevertheless, trading volume fell to 6.55 million shares from 4.44 million shares the previous day.
Support And Resistance Levels for Coupang Inc (CPNG)
According to the 24-hour chart, there is a support level at 23.94, which, if violated, would cause prices to drop to 23.68. In the upper region, resistance lies at 24.48. The next price resistance is at 24.77. RSI (Relative Strength Index) is 56.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 65.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
