CPNG - Coupang 10% Owner Trades Company's Stock | Benzinga
Revealing a significant insider sell on March 15, SVF Investments UK Ltd, 10% Owner at Coupang (NYSE:CPNG), as per the latest SEC filing.
What Happened: Ltd's decision to sell 46,614,154 shares of Coupang was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The total value of the sale is $894,927,187.
Monitoring the market, Coupang's shares down by 0.81% at $18.36 during Friday's morning.
All You Need to Know About Coupang
Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Coupang: A Financial Overview
Revenue Growth: Over the 3 months period, Coupang showcased positive performance, achieving a revenue growth rate of 23.16% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth ...