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Should You Buy Pinterest Inc (PINS) Stock After it Has Risen 2.09% in a Week?

Wednesday, February 28, 2024 01:20 PM | InvestorsObserver Analysts

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Should You Buy Pinterest Inc (PINS) Stock After it Has Risen 2.09% in a Week?

Overall market sentiment has been high on Pinterest Inc (PINS) stock lately. PINS receives a Bullish rating from InvestorsObserver 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PINS Stock Today?

Pinterest Inc (PINS) stock has risen 0.28% while the S&P 500 is down -0.15% as of 1:10 PM on Wednesday, Feb 28. PINS has risen $0.10 from the previous closing price of $36.08 on volume of 2,589,073 shares. Over the past year the S&P 500 is higher by 27.33% while PINS has risen 44.78%. PINS lost -$0.05 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. Click Here to get the full Stock Report for Pinterest Inc stock.

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