Coupang Inc’s recently made public that its affiliate Han Seung Kang acquired Company’s shares for reported $0.9 million on Mar 17 ’25. In the deal valued at $22.51 per share,40,000 shares were bought.
Then, Benjamin Sun bought 250,000 shares, generating $5,849,185 in total proceeds.
Before that, Anand Gaurav sold 75,350 shares. Coupang Inc shares valued at $1,660,262 were divested by the Chief Financial Officer at a price of $22.03 per share. As a result of the transaction, Anand Gaurav now holds 2,342,640 shares, worth roughly $55.1 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 4.49% to $23.52. Over the last five days, the stock has gained 7.35%. Coupang Inc shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 19.88% 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 $23.25, 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 22.64, which if violated will result in even more drops to 21.77. On the upside, there is a resistance level at 24.07. A further resistance level may holdings at 24.63. The Relative Strength Index (RSI) on the 14-day chart is 51.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.29%. Stochastics %K at 29.74% indicates the stock is a holding.
How much short interest is there in Coupang Inc?
A steep rise in short interest was recorded in Coupang Inc stocks on 2025-02-28, growing by 2.23 million shares to a total of 17.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 14.8 million shares. There was a rise of 13.11%, which implies that there is a positive sentiment for the stock.
