Recently, Zacks.com users have been paying close attention to Pinterest (PINS). This makes it worthwhile to examine what the stock has in store.
Pinterest (PINS) stock has remained under intense pressure this year as investors remained concerned about its business trajectory and its slowing user growth. It has retreated by 12% this year as America's stock indices like the NASDAQ 100 and S&P 500 surged to their all-time highs.
Could this social shopping leader evolve into an e-commerce titan?
This company's recent sell-off provides an excellent opportunity to buy its shares on the dip.
This social media leader is down, but not out.
In the closing of the recent trading day, Pinterest (PINS) stood at $32.35, denoting a +1.63% change from the preceding trading day.
Management made a move that's good for business and it could pay off in a big way in the coming year.
Pinterest (PINS) reachead $31.83 at the closing of the latest trading day, reflecting a +0.92% change compared to its last close.
When it comes to privacy nightmares, Pinterest is unlikely to be the first social app that springs to mind. But the visual discovery engine's use of tracking ads is the target of the latest complaint from European privacy rights non-profit noyb, which accuses it of breaching the bloc's General Data Protection Regulation (GDPR) by failing to obtain consent from users to being tracked and profiled for advertising.
Pinterest (PINS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Pinterest (PINS) concluded the recent trading session at $33.18, signifying a +0.73% move from its prior day's close.
The latest trading day saw Pinterest (PINS) settling at $32.94, representing a -1.29% change from its previous close.