A breakout above $17.10 could trigger momentum-driven buying in the near term, according to chart analysts. In addition, Abrams Capital Management's portfolio focuses on diversifying its holdings across various asset classes. Stocks, debt, and distressed securities are some of its top asset classes. Diversification and value investments are some of the strategies that have allowed Abrams to perform better than other hedge fund managers, based on an annualized net return of 15% over the past 15 years. Shares of this company have returned -9.6% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Internet - Commerce industry, to which Coupang belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term? The latest "cpng stock price" closed at $16.48, marking a 1.9% uptick driven by strong Q1 revenue growth. Analysts highlight Coupang’s expanding logistics network as a catalyst for sustained margin improvement over the next two quarters.