2 Breakout Stocks Hitting 52-Week Highs to Buy Now [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
And yet there are stocks out there that are breaking out of recent trading ranges, suggesting reason for bullishness. This is even more true for companies that also enjoy strong demand and have catalysts for more growth. Here are two stocks that recently hit 52-week highs but still have room to run that you might want to consider buying now. Carnival (NYSE: CCL) (NYSE: CUK) shares recently surged to a new 52-week high after reporting better-than-expected earnings results. It's been a great few years for the travel industry, but the leading cruise operator is pacing for another strong year in 2025. Carnival's revenue hit another record of $7.9 billion last quarter. The company is also performing well on the bottom line, with net income up 60% year over year to $1.7 billion, driven by higher onboard spending by guests, improved occupancy levels, and cost savings. Management reported that almost half of 2025 is already booked. Strong demand is pushing prices up and positioning th
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News
- Sarah Brown Departs Violet Grey [Yahoo! Finance]Yahoo! Finance
- Here Are Billionaire Stanley Druckenmiller's 5 Biggest Stock Holdings [Yahoo! Finance]Yahoo! Finance
- Coupang (CPNG): Revolutionizing E-Commerce Under $25 [Yahoo! Finance]Yahoo! Finance
- South Korea's e-commerce market to grow by 10.2% in 2024, forecasts GlobalData [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc.'s (NYSE:CPNG) institutional investors lost 6.6% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website