Better Growth Stock: Coupang vs. Sea Limited
Which of these former growth darlings is a better buy right now?
Coupang (NYSE: CPNG) and Sea Limited (NYSE: SE) were both popular growth stocks during the buying frenzy in meme and growth stocks in 2021.
Coupang, which owns South Korea's largest e-commerce platform, went public at $35 on March 11, 2021. Its stock closed at its all-time high of $50.45 just four days later. Sea, which owns Southeast Asia's leading e-commerce platform Shopee and the video game publisher Garena, went public at $15 per share on Oct. 20, 2017. Its stock set its record high of $366.99 on Oct. 19, 2021.
Today, Coupang's stock trades at about $27 a share, while Sea trades at roughly $163. Both stocks retreated from their all-time highs as their growth slowed and rising interest rates compressed their valuations. Should you buy either of these stocks as a turnaround play today?
