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 $294,962 were sold by Kolari Pranam on Nov 04 ’24. At $25.36 per share, Kolari Pranam sold 11,631 shares. The insider’s holdings dropped to 151,534 shares worth approximately $3.64 million following the completion of this transaction.
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Also, Pranam Kolari purchased 11,631 shares, netting a total of over 295,427 in proceeds.
Before that, Kolari Pranam had sold 956 shares from its account. In a trade valued at $23,164, the insider traded Coupang Inc shares for $24.23 each. Upon closing the transaction, the insider’s holdings decreased to 956 shares, worth approximately $3.92 million.
As published in a research note from Bernstein on October 07, 2024, Coupang Inc [CPNG] has been rated up from an Underperform to an Outperform and the price target has been revised to $30. Analysts at CLSA upgraded the stock from ‘”a Hold”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of May 16, 2024, UBS has increased its “Neutral” rating to a “Buy” for CPNG.
Analyzing CPNG Stock Performance
During the last five days, there has been a drop of approximately -8.54%. Over the course of the year, Coupang Inc shares have jumped approximately 48.24%. Shares of the company reached a 52-week high of $26.91 on 11/05/24 and a 52-week low of $13.51 on 02/02/24. A 50-day SMA is recorded $24.57, while a 200-day SMA reached $21.19. Nevertheless, trading volume fell to 30.66 million shares from 13.93 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 23.23, which, if violated, would cause prices to drop to 22.45. In the upper region, resistance lies at 24.50. The next price resistance is at 24.99. RSI (Relative Strength Index) is 40.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 73.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
