Coupang Inc. (NYSE:CPNG) is one of the 10 Stocks Worth Watching Right Now.
Coupang snapped a three-day losing streak on Monday, jumping 10.84 percent to finish at $20.45 apiece, as investors mirrored a key executive’s acquisition of a $136.5 million stake in its shares.
In a regulatory filing, Coupang Inc. said that its director, Neil Mehta, purchased more than 2.01 million of its shares from March 11 to 13, at prices ranging from $18.3994 to $18.6787 apiece.
Following the transactions, Mehta now owns more than 55.3 million indirect shares of Coupang Inc., with 78,773 shares directly owned.
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Coupang Inc. is a China-based technology company with businesses across retail, restaurant delivery, video streaming, and fintech services, among others.
Last year, it grew its net income attributable to shareholders by 35 percent to $208 million from $154 million in 2024. Revenues increased by 14 percent to $34.5 billion from $30.27 billion year-on-year.
In the fourth quarter alone, Coupang Inc. swung to a net loss attributable to shareholders of $26 million from a $156 million net income attributable to shareholders in the same period a year earlier.
Revenues soared by 11 percent to $8.8 billion from $7.96 billion.
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