Coupang Stock (NYSE:CPNG): Should You Ride This Rocket Higher?

Maybe you’ve seen the trending stock tickers today and noticed that Coupang (NYSE:CPNG) stock was on a rocket ride higher. There’s nothing wrong with momentum, but investors should look into the reason for the move and make their own decisions. I am bearish on CPNG stock, and as we delve into what’s actually going on with Coupang, you might decide to find better investment opportunities elsewhere.

The easiest way to describe Coupang is as South Korea’s version of Amazon (NASDAQ:AMZN). It’s a popular e-commerce company w...