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Coupang, Inc. (CPNG) Gains As Market Dips: What You Should Know
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Coupang, Inc. (CPNG - Free Report) closed at $18.85 in the latest trading session, marking a +0.59% move from the prior day. This move outpaced the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the company had lost 36.52% over the past month, lagging the Retail-Wholesale sector's loss of 11.49% and the S&P 500's loss of 7.66% in that time.
Coupang, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Coupang, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 32.84% lower. Coupang, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Coupang, Inc. (CPNG) Gains As Market Dips: What You Should Know
Coupang, Inc. (CPNG - Free Report) closed at $18.85 in the latest trading session, marking a +0.59% move from the prior day. This move outpaced the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the company had lost 36.52% over the past month, lagging the Retail-Wholesale sector's loss of 11.49% and the S&P 500's loss of 7.66% in that time.
Coupang, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Coupang, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 32.84% lower. Coupang, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.