Coupang, Inc. (CPNG) closed at $16.48 in the latest trading session, marking a -1.38% move from the prior day.
Coupang, Inc. (CPNG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
With nearly 35% of the entire population of South Korea using its platform, Coupang is the e-commerce stalwart in the country. It provides an Uber Eats-style offering (Coupang Eats) and a streaming service called Coupang Play. Coupang also does something that few other e-commerce businesses do: It sells consumer staples.