Pinterest Inc (PINS) stock is up 6.38% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PINS Stock Today?
Pinterest Inc (PINS) stock is down -2.18% while the S&P 500 has risen 0.18% as of 10:47 AM on Wednesday, May 26. PINS is down -$1.39 from the previous closing price of $63.76 on volume of 4,537,364 shares. Over the past year the S&P 500 is up 40.24% while PINS has risen 219.85%. PINS lost -$0.03 per share in the over the last 12 months.
To see the top 5 stocks in the Internet Content & Information industry click here.
More About Pinterest Inc
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.
Click Here to get the full Stock Score Report on Pinterest Inc (PINS) Stock.
