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$CPNG

4 stories mentioning CPNGUpdated 13d ago

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Sectors

Sector Update: Consumer Stocks Decline Pre-Bell Monday

Consumer stocks were declining pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.GameStop (GME) shares were up more than 3% after the company said it expects Q2 net income of $290 million to $310 million, up from $168.6 million a year earlier.Herbalife (HLF) Chief Executive Stephan Gratziani will step down, effective Oct. 31, the company said. Herbalife stock was nearly 5% lower premarket.Coupang's (CPNG) troubles with the South Korean government are exacerbating Seoul's tensions over trade with the US, CNBC reported, citing its own reporting. Coupang shares were 0.5% lower pre-bell.

$CPNG$GME$HLF$XLP$XLY
Research

Deutsche Bank Upgrades Coupang to Buy From Hold, Adjusts Price Target to $21.50 From $23

Coupang (CPNG) has an average rating of overweight and mean price target of $26.19, according to analysts polled by FactSet.

$CPNG
Wire

Coupang Swings to Adjusted Q2 Loss, Revenue Rises; Shares Drop After Hours

Coupang (CPNG) reported a Q2 adjusted loss late Tuesday of $0.09 per diluted share, swinging from earnings of $0.02 a year earlier.Revenue in the three months ended June 30 rose to $8.86 billion from $8.52 billion a year earlier.Analysts surveyed by FactSet expected $8.92 billion.The company's shares fell 4.2% in after-hours trading.

$CPNG
Sectors

Sector Update: Tech Stocks Higher Pre-Bell Thursday

Technology stocks were higher pre-bell Thursday, with the State Street Technology Select Sector SPDR ETF (XLK) advancing by 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.Shares of Oracle (ORCL) fell over 9% in premarket activity as the cloud computing company announced plans to raise an additional $20 billion in equity and debt for its capital expenditures in fiscal 2027.Coupang (CPNG) shares were up more than 7% before market open. Bloomberg reported that Coupang's South Korean entity was hit with a record 624.7 billion won ($409 million) fine for a major data breach and associated privacy violations that impacted nearly 34 million accounts.SAP (SAP) stock retreated more than 2% pre-bell after Goldman Sachs cut its price target on the company.

$CPNG$ORCL$SAP$XLK$XSD

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