Coupang, Inc. (CPNG) shares rose 9.10%, closing at $24.88, up $2.08, after the company issued an update on a cybersecurity incident involving its Korea operations.
The stock moved higher after Coupang said it had identified the individual responsible, recovered all related devices, and confirmed that while data linked to about 33 million customer accounts was accessed, information from only around 3,000 accounts was retained and later deleted, with no payment details or login credentials shared externally.
On the day of the announcement, CPNG opened near $23.10, climbed to an intraday high of $25.05, and touched a low of $22.95, compared with a previous close of $22.80. The stock trades on the NYSE.
Trading volume was coming in well above the stock's average daily volume, reflecting renewed investor confidence following the company's clarification. Coupang's 52-week range is approximately $13.51 - $25.60.
The rebound suggests investors were reassured by the company's explanation that the scope of the breach was limited and that no highly sensitive financial or login information was compromised.
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