The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coupang Inc shares valued at $194,388 were sold by Kolari Pranam on Feb 03 ’25. At $22.98 per share, Kolari Pranam sold 8,459 shares. The insider’s holdings dropped to 136,806 shares worth approximately $3.28 million following the completion of this transaction.
Also, Pranam Kolari purchased 8,459 shares, netting a total of over 198,871 in proceeds.
Before that, Kolari Pranam had sold 775 shares from its account. In a trade valued at $17,128, the VP, Search and Recommendations traded Coupang Inc shares for $22.10 each. Upon closing the transaction, the insider’s holdings decreased to 775 shares, worth approximately $3.49 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 surge of approximately 4.39%. Over the course of the year, Coupang Inc shares have jumped approximately 9.24%. Shares of the company reached a 52-week high of $24.14 on 02/05/25 and a 52-week low of $21.17 on 01/13/25. A 50-day SMA is recorded $23.20, while a 200-day SMA reached $23.01. Nevertheless, trading volume fell to 7.54 million shares from 4.26 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 23.64, which, if violated, would cause prices to drop to 23.28. In the upper region, resistance lies at 24.26. The next price resistance is at 24.51. RSI (Relative Strength Index) is 64.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 5.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
