Why Coupang Stock Jumped This Week
CPNGCoupang(CPNG) The Motley Fool·2024-03-02 01:25

Week to date, shares of Coupang (CPNG 1.16%) were up 14% as of 10:38 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Korea's largest e-commerce company reported another quarter of accelerating revenue growth that sent the shares higher, but its relatively small footprint of the retail market spells more growth. Coupang reports fourth consecutive quarter of accelerating growth Low growth expectations can set up a stock to soar when a company's financial results are better tha ...