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Should You Buy Coupang Inc (CPNG) Stock on Thursday?

Thursday, August 18, 2022 10:12 AM | InvestorsObserver Analysts
Should You Buy Coupang Inc (CPNG) Stock on Thursday?

The market has been down on Coupang Inc (CPNG) stock recently. CPNG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Coupang Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CPNG!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CPNG Stock Today?

Coupang Inc (CPNG) stock is trading at $17.57 as of 10:12 AM on Thursday, Aug 18, a loss of -$0.24, or -1.35% from the previous closing price of $17.81. The stock has traded between $17.42 and $17.86 so far today. Volume today is less active than usual. So far 507,348 shares have traded compared to average volume of 8,852,775 shares. To see InvestorsObserver's Sentiment Score for Coupang Inc click here.

More About Coupang Inc

Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Itss segments include Product Commerce and Growth Initiatives. Click Here to get the full Stock Report for Coupang Inc stock.

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