Why Coupang Stock Was Down 13.2% in July

·2-min read
Why Coupang Stock Was Down 13.2% in July

Shares of recent IPO Coupang (NYSE: CPNG) fell in July, down 13.2% for the month, according to data from S&P Global Market Intelligence. Coupang stock continues to trade at a discount to its first-day IPO pop when the stock price closed at $49.25. In Coupang's case, there hasn't been any news or particular reason for the stock's recent underperformance.

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