CPNG - 2 Reasons the Smartest Investors Are Watching This Stock Dubbed the Amazon of Korea
2024-04-21 08:45:00 ET
Investors in Coupang (NYSE: CPNG) , South Korea's biggest e-commerce company, have had a challenging time over the last few years. The company went public on March 11, 2021, at $35 per share and closed at an all-time high of about $50 later that month. But in the subsequent months and years, it slowly gave up all those gains and more.
Still, despite its uninspiring stock performance, some of the most intelligent investors in the market are keeping a close eye on this company, and for good reasons.
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2 Reasons the Smartest Investors Are Watching This Stock, Dubbed the "Amazon of Korea"