Coupang Inc’s recent filing unveils that its VP, Search and Recommendations Kolari Pranam unloaded Company’s shares for reported $0.19 million on Feb 03 ’25. In the deal valued at $22.98 per share,8,459 shares were sold. As a result of this transaction, Kolari Pranam now holds 136,806 shares worth roughly $ 3.49 million.
Then, Pranam Kolari bought 8,459 shares, generating $198,871 in total proceeds.
Before that, Kolari Pranam sold 775 shares. Coupang Inc shares valued at $17,128 were divested by the VP, Search and Recommendations at a price of $22.10 per share. As a result of the transaction, Kolari Pranam now holds 145,265 shares, worth roughly $3.71 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 Tuesday, Coupang Inc [NYSE:CPNG] saw its stock jump 0.67% to $25.51. Over the last five days, the stock has gained 7.37%. Coupang Inc shares have risen nearly 16.06% since the year began. Nevertheless, the stocks have risen 68.94% over the past one year. While a 52-week high of $26.91 was reached on 02/18/25, a 52-week low of $15.14 was recorded on 01/13/25. SMA at 50 days reached $23.12, while 200 days put it at $23.08.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 25.12, which if violated will result in even more drops to 24.72. On the upside, there is a resistance level at 25.79. A further resistance level may holdings at 26.06. The Relative Strength Index (RSI) on the 14-day chart is 73.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.48%. Stochastics %K at 97.19% indicates the stock is a selling.
