Coupang (CPNG) Stock: Why The Price Jumped Up Over 12%

By Amit Chowdhry ● May 12, 2022
  • The stock price of Coupang Inc (NYSE: CPNG) increased by over 12% pre-market. This is why.

The stock price of Coupang Inc (NYSE: CPNG) increased by over 12% pre-market. Investors are responding positively to the company’s first-quarter results.

Coupang had reported a Q1 EPS of ($0.12), which was $0.05 higher than analyst estimates of ($0.17). And the revenue for the quarter was $5.1 billion compared to the consensus estimate of $5.25 billion.

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