Coupang Inc’s filing revealed that its Director Sun Benjamin unloaded Company’s shares for reported $5.86 million on Mar 17 ’25. In the deal valued at $23.43 per share,250,000 shares were sold. As a result of this transaction, Sun Benjamin now holds 1,719,421 shares worth roughly $40.56 million.
Then, Kang Hanseung sold 40,000 shares, generating $920,000 in total proceeds. Upon selling the shares at $23.00, the Rep Director, Business Mngmt now owns 669,772 shares.
Before that, Han Seung Kang bought 40,000 shares. Coupang Inc shares valued at $900,400 were divested by the affiliate at a price of $22.51 per share.
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 1.07% to $23.59. Over the last five days, the stock has gained 0.30%. Coupang Inc shares have risen nearly 7.32% since the year began. Nevertheless, the stocks have risen 27.17% 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 $23.35, while 200 days put it at $23.19.
Levels Of Support And Resistance For CPNG Stock
The 24-hour chart illustrates a support level at 23.32, which if violated will result in even more drops to 23.05. On the upside, there is a resistance level at 23.85. A further resistance level may holdings at 24.11. The Relative Strength Index (RSI) on the 14-day chart is 52.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.25%. Stochastics %K at 72.57% 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.
