Overall market sentiment has been neutral on Pinterest Inc (PINS) stock lately. PINS receives a Neutral rating from InvestorsObserver's Stock 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PINS Stock Today?
Pinterest Inc (PINS) stock has gained 3.09% while the S&P 500 has fallen -0.66% as of 9:47 AM on Friday, Oct 16. PINS has risen $1.35 from the previous closing price of $43.65 on volume of 536,830 shares. Over the past year the S&P 500 has gained 16.69% while PINS has risen 74.83%. PINS lost -$0.69 per share in the over the last 12 months.
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.