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Why Coupang Stock Is Sinking Today

TheMotleyFool

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Shares of leading South Korean e-commerce juggernaut Coupang (NYSE: CPNG) are down 6% as of 3 p.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence.

Coupang soared past analysts' sales expectations and snuck past guidance for earnings per share when it announced earnings on Tuesday afternoon.

However, since the stock's share price has tripled over the last four years, the market had it priced for perfection, and it seemed Coupang's third quarter wasn't quite "perfect" enough, prompting today's downward slide.

Source Fool.com

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