2 Key Figures Show Why I'm Going to Buy More Coupang
Historically, buying stocks right after they have their initial public offering (IPO) has proven to be a high-risk proposition for investors. This risk often stems from the hype around the business being at an all-time high, while there is only limited financial data for the company.
Generally speaking, it is usually wise for investors to wait a few quarters, gathering info from the company's regular earnings reports. With this new data, investors can develop a more robust investment thesis for the stock.
After going public in early 2021 at $35 per share, South Korean-based e-commerce specialist Coupang (NYSE: CPNG) has gradually descended lower -- even below $10 briefly.
Source Fool.com
