1 Growth Stock Down 68% to Buy Right Now
Coupang (NYSE: CPNG), the largest e-commerce company in South Korea, went public at $35 per share on March 11, 2021. It rallied to its all-time high of $50.45 just four days later, but it now trades 68% below that level at about $16.
Coupang initially dazzled the bulls with its explosive growth, but it lost its luster as that cooled off and rising rates compressed its valuations. Today, I'll explain why this out-of-favor growth stock deserves a second chance.
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Source Fool.com
