Coupang LLC (CPNG)

Coupang LLC (CPNG)

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Coupang LLC (CPNG) Profile

Coupang, Inc. owns and runs an e-commerce business through its mobile apps and websites, mostly in South Korea. Among its offerings are household goods and decor, clothing and skincare products; fresh food and groceries; sporting goods; electronics; everyday consumables; travel; and eatery order and delivery companies for people who want to eat out. People who work for the company live in Seoul, South Korea, which is where it is based. Market Cap 41.054B USD. Latest stock price 23.44-1.61 (-6.43%)At close: 04:00 PM EST 13th Jan 2022. Full-Time Employees: 50,000. Coupang's total assets for the quarter ending September 30, 2021, were $8.587B.

Coupang LLC (CPNG.xnys) News
There aren't any official statements or SEC filings from the company that would clarify what's been going on with the stock recently. People who own shares of CPNG stock don't seem to have heard anything in the last few days that would help us understand why they're going down today.

What might be impacting the CPNG stock today is a recent SEC statement. Investors learned of the company's insider selling through that filing. It is probable that the stock is experiencing a delayed reaction to this news after its announcement.

Coupang LLC (CPNG.xnys) Analysis
MercadoLibre (MELI), Coupang (CPNG), and DoorDash (DASH) were all down a lot this week. By the close of Thursday, they were down 14.2%, 12.7%, and 7.8%. That's a lot of losses. This week, Dr. Scott Gottlieb, who is in charge of the FDA, made lots of media appearances in which he talked about how great omicron is for people who need it. Well, a speedier restarting and faster economic growth has led to inflation, at least in the last few months.

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