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Should You Buy Pinterest Inc (PINS) Stock on Friday?

Friday, August 12, 2022 03:12 PM | InvestorsObserver Analysts
Should You Buy Pinterest Inc (PINS) Stock on Friday?

Overall market sentiment has been down on Pinterest Inc (PINS) stock lately. PINS receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 $23.48 as of 3:06 PM on Friday, Aug 12, a gain of $0.60, or 2.65% from the previous closing price of $22.87. The stock has traded between $23.05 and $23.50 so far today. Volume today is less active than usual. So far 6,125,747 shares have traded compared to average volume of 17,813,073 shares. To see InvestorsObserver's Sentiment Score for 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. Click Here to get the full Stock Report for Pinterest Inc stock.

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