Why Coupang, Inc. (CPNG) Skyrocketed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Coupang, Inc. (NYSE:CPNG) stands against other Wednesday's best-performing stocks.
The stock market rebounded on Wednesday, with all major indices ending in the green as investors cheered the Federal Reserve's decision to keep interest rates unchanged.
On Wednesday afternoon, the Fed kept rates steady at a range of 4.25 percent to 4.5 percent, saying that it was not in a hurry to cut rates and could still 'wait and see' the impact of President Donald Trump's tariff policies.
The Dow Jones rallied by 0.70 percent, the S&P 500 increased by 0.43 percent, and the Nasdaq grew by 0.27 percent.
Beyond the major indices, 10 firms stood out with strong gains, thanks to a flurry of fresh developments, including new partnerships, optimistic outlooks, and impressive earnings performance. In this article, we name Wednesday's 10 best-performing stocks and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A woman holding a laptop, wearing a graphic t-shirt, casually checking her e-commerce order.
Coupang Inc. saw its share prices surge by 10.83 percent on Wednesday to end at $26.60 apiece as investors cheered its improved earnings performance for the first quarter of the year.
In a statement, Coupang, Inc. (NYSE:CPNG) said that net income attributable to shareholders during the period expanded by 2,040 percent to $107 million from $5 million in the same period last year, while net revenues increased by 11 percent to $7.908 billion from $7.114 billion year-on-year.
Additionally, Coupang, Inc. (NYSE:CPNG) announced that its board of directors recently approved a share buyback program amounting to $1 billion. The initiative was part of its broader capital allocation strategy to provide shareholder value. The buyback program only covers its Class A common shares.
Coupang, Inc. (NYSE:CPNG) is a technology company providing retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play, and Farfetch.
Overall, CPNG ranks 6th on our list of Wednesday's best-performing stocks. While we acknowledge the potential of CPNG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CPNG but that trades at less than 5 times its earnings, check out our report about this .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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