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Why Coupang Rallied 20% in May
Shares of Korean e-commerce giant Coupang (NYSE: CPNG) rallied 20% in May, according to data from S&P Global Market Intelligence .Coupang reported first quarter earnings in the early part of the month, and while results may have looked mediocre on the surface, they were actually much better than advertised.Stocks in general also generally climbed in May, as April's trade tensions eased somewhat, adding an additional tailwind.Continue reading
Shares of Korean e-commerce giant Coupang (NYSE: CPNG) rallied 20% in May, according to data from S&P Global Market Intelligence .
Coupang reported first quarter earnings in the early part of the month, and while results may have looked mediocre on the surface, they were actually much better than advertised.
Stocks in general also generally climbed in May, as April's trade tensions eased somewhat, adding an additional tailwind.
