Why Coupang Soared 27.4% in February
Shares of South Korean e-commerce company Coupang (NYSE: CPNG) rose 27.4% in February, according to data from S&P Global Market Intelligence.
Unfortunately for investors, Coupang rallied last month purely based on better-than-expected reports from other e-commerce companies, such as Amazon, which topped expectations early in the month. That led to optimism for Coupang through the month leading up to its own earnings report on March 3.
However, Coupang's earnings and revenue came up short of expectations, sending shares down in recent days and erasing all of February's gains.
Source Fool.com
