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1 Growth Stock Down 68% to Buy Right Now
CPNGCoupang(CPNG) The Motley Fool·2024-01-14 13:15

Coupang (CPNG 1.33%), the largest e-commerce company in South Korea, went public at 35pershareonMarch11,2021.Itralliedtoitsalltimehighof35 per share on March 11, 2021. It rallied to its all-time high of 50.45 just four days later, but it now trades 68% below that level at about $16.Coupang initially dazzled the bulls with its explosive growth, but it lost its luster as that cooled off and rising rates compressed its valuations. Today, I'll explain why this out-of-favor growth stock deserves a second chance. An overlooked e-commerce giantBefore going public ...