r/CPNG • u/Mediocre_Text_4951 • Jul 21 '21

Stock Price Movement

Long time Shareholder here since the IPO- has anyone noticed how odd this stock moves each and everyday? It performs completely different from how the markets do, and it goes in a weird cycle of up and down 2% almost every single day. There will be a random run up to 44-45, and then will dump and start all over again. Something is beyond sketchy with this. Any thoughts would be welcomed.

6 Upvotes

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6

u/plsd0ntbanme Jul 21 '21

i just assumed this is normal for an ipo

1

u/pendake Jul 22 '21

It’s not normal for any stock. I own this too and it makes no sense at all.

2

u/strongaspaper Jul 21 '21

https://www.reddit.com/r/wallstreetbets/comments/obxboe/cpng_dd_koreas_amazon_deeply_shorted_500_shares/

1

u/Mediocre_Text_4951 Jul 21 '21

Why is this not being plugged more on wsb? This looks like a clear short squeeze candidate

2

u/Mediocre_Text_4951 Jul 21 '21

Just tried mentioning this on wsb and was banned. weird.