Coupang, Inc. (CPNG) Dips More Than Broader Markets: What You Should Know

Entrepreneurs News


This story originally appeared on Zacks

Coupang, Inc. (CPNG) closed at $ 22.99 in the latest trading session, marking a -1.2% move from the prior day. This move lagged the S&P 500’s daily loss of 0.72%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 0.67%.

– Zacks

Heading into today, shares of the company had gained 16.41% over the past month, outpacing the Retail-Wholesale sector’s loss of 4.26% and the S&P 500’s loss of 5.92% in that time.

Coupang, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be March 2, 2022.

Investors should also note any recent changes to analyst estimates for Coupang, Inc. These revisions typically reflect the latest short-term business trends, which may change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. Coupang, Inc. currently has a Zacks Rank of # 4 (Sell).

The Internet – Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 14% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling US infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free.Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How To Profit From Trillions On Spending For Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Coupang, Inc. (CPNG): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



Source link

Leave a Reply

Your email address will not be published.