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Market's View on Pinterest Inc (PINS) Stock's Price & Volume Trends

Monday, July 06, 2020 11:58 AM | InvestorsObserver Analysts

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Market's View on Pinterest Inc (PINS) Stock's Price & Volume Trends

Overall market sentiment has been high on Pinterest Inc (PINS) stock lately. PINS receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Pinterest Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PINS!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PINS Stock Today?

Pinterest Inc (PINS) stock is trading at $25.95 as of 11:46 AM on Monday, Jul 6, an increase of $1.85, or 7.65% from the previous closing price of $24.11. The stock has traded between $24.31 and $25.98 so far today. Volume today is 11,077,128 compared to average volume of 13,867,124.

To screen for more stocks like Pinterest Inc 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.

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