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Coupang, Inc. (CPNG) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $29.63, marking a -0.77% move from the previous day. This change lagged the S&P 500's daily loss of 0.51%.
Heading into today, shares of the company had gained 6.23% over the past month, outpacing the Retail-Wholesale sector's gain of 0.77% and the S&P 500's gain of 3.08% in that time.
Investors will be hoping for strength from CPNG as it approaches its next earnings release.
Any recent changes to analyst estimates for CPNG should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CPNG is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CPNG in the coming trading sessions, be sure to utilize Zacks.com.
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Coupang, Inc. (CPNG) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $29.63, marking a -0.77% move from the previous day. This change lagged the S&P 500's daily loss of 0.51%.
Heading into today, shares of the company had gained 6.23% over the past month, outpacing the Retail-Wholesale sector's gain of 0.77% and the S&P 500's gain of 3.08% in that time.
Investors will be hoping for strength from CPNG as it approaches its next earnings release.
Any recent changes to analyst estimates for CPNG should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CPNG is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CPNG in the coming trading sessions, be sure to utilize Zacks.com.