Why Coupang Stock Jumped Today
CPNGCoupang(CPNG) The Motley Fool·2024-08-09 05:16

Coupang is up roughly 10% over the last two days, but the best could be yet to come.Shares of leading South Korean e-commerce retailer Coupang (CPNG 7.40%) have risen by 7% as of 4 p.m. EDT on Thursday, according to data provided by S&P Global Market Intelligence.Growing its active customers, sales, and gross profits by 12%, 25%, and 41% during the second quarter of 2024, Coupang continued its lengthy run of above-average growth and steady margin improvements. While the market initially reacted negatively t ...