Why Coupang Soared 32.3% in February
Coupang(CPNG) The Motley Fool·2024-03-08 22:40
Shares of South Korean e-commerce leader Coupang (CPNG 0.38%) rallied 32.3% in February, according to data from S&P Global Market Intelligence.Coupang stock entered February on a low note, having dropped since the start of 2024. However, the company's fourth-quarter earnings brightened the mood, with the e-commerce company showing impressive growth and profit expansion.Expectations-trouncing resultsIn the fourth quarter, Coupang delivered 23% revenue growth, along with adjusted (non-GAAP) earnings per share ...