Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5939
    +0.0005 (+0.08%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    83.63
    +0.27 (+0.32%)
     
  • GOLD

    2,338.10
    -4.00 (-0.17%)
     

Is Coupang Stock a Buy Now?

Is Coupang Stock a Buy Now?

Coupang's (NYSE: CPNG) stock price surged 19% on May 12 following the release of its first-quarter earnings report. The South Korean e-commerce leader's revenue rose 22% year over year to $5.12 billion, or 32% in constant currency terms, but missed analysts' expectations by about $130 million.