Coupang Inc’s filing revealed that its VP, Search and Recommendations Kolari Pranam unloaded Company’s shares for reported $0.18 million on Feb 27 ’25. In the deal valued at $24.76 per share,7,172 shares were sold. As a result of this transaction, Kolari Pranam now holds 129,634 shares worth roughly $3.09 million.
Then, Pranam Kolari bought 7,172 shares, generating $179,372 in total proceeds.
Before that, Kolari Pranam sold 8,459 shares. Coupang Inc shares valued at $194,388 were divested by the VP, Search and Recommendations at a price of $22.98 per share. As a result of the transaction, Kolari Pranam now holds 136,806 shares, worth roughly $3.26 million.
Deutsche Bank upgraded its Coupang Inc [CPNG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in early October from “an Underperform” to “an Outperform”. CLSA also remained covering CPNG and has increased its forecast on September 04, 2024 with a “an Outperform” recommendation from previously “Hold” rating. UBS revised its rating on May 16, 2024. It rated CPNG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CPNG
On Monday, Coupang Inc [NYSE:CPNG] saw its stock jump 0.46% to $23.81. Over the last five days, the stock has lost -3.33%. Coupang Inc shares have risen nearly 8.33% since the year began. Nevertheless, the stocks have risen 30.54% over the past one year. While a 52-week high of $26.91 was reached on 02/26/25, a 52-week low of $17.34 was recorded on 01/13/25. SMA at 50 days reached $23.24, while 200 days put it at $23.17.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 23.55, which if violated will result in even more drops to 23.29. On the upside, there is a resistance level at 24.22. A further resistance level may holdings at 24.64. The Relative Strength Index (RSI) on the 14-day chart is 47.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.81%. Stochastics %K at 21.27% indicates the stock is a holding.
