Why Coupang Shares Are Surging Today

Coupang Inc CPNG shares are trading higher by 11.4% at $42.59 Tuesday afternoon following a Korean Economic Daily report suggesting Goldman Sachs has been "studying whether to call for early repayment" of a $265 million loan with the company.

Coupang is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements and other products.

Coupang has a 52-week high of $69 and a 52-week low of $30.65.