Coupang Inc’s recent filing unveils that its VP, Search and Recommendations Kolari Pranam unloaded Company’s shares for reported $17128.0 on Jan 02 ’25. In the deal valued at $22.10 per share,775 shares were sold. As a result of this transaction, Kolari Pranam now holds 145,265 shares worth roughly $3.26 million.
Then, Pranam Kolari bought 775 shares, generating $17,035 in total proceeds.
Before that, Kim Bom sold 15,000,000 shares. Coupang Inc shares valued at $344,550,000 were divested by the CEO and Chairman at a price of $22.97 per share. As a result of the transaction, Kim Bom now holds 2,000,000 shares, worth roughly $44.84 million.
Bernstein upgraded its Coupang Inc [CPNG] rating to an Outperform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including CLSA’s analysts, who increased its forecast for the stock in early September from “a Hold” to “an Outperform”. UBS also remained covering CPNG and has increased its forecast on May 16, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of CPNG
On Friday, Coupang Inc [NYSE:CPNG] saw its stock jump 0.58% to $22.42. Over the last five days, the stock has lost -1.75%. Coupang Inc shares have risen nearly 2.00% since the year began. Nevertheless, the stocks have risen 44.83% over the past one year. While a 52-week high of $26.91 was reached on 01/03/25, a 52-week low of $13.51 was recorded on 01/02/25. SMA at 50 days reached $24.26, while 200 days put it at $22.65.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 22.22, which if violated will result in even more drops to 22.03. On the upside, there is a resistance level at 22.66. A further resistance level may holdings at 22.91. The Relative Strength Index (RSI) on the 14-day chart is 38.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.77%. Stochastics %K at 16.53% indicates the stock is a buying.
How much short interest is there in Coupang Inc?
A steep rise in short interest was recorded in Coupang Inc stocks on 2024-12-13, dropping by -3.32 million shares to a total of 13.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.07 million shares. There was a decline of -24.16%, which implies that there is a negative sentiment for the stock.
