Why Pinterest Stock Bounced Over 3% Higher Today
Yahoo! Finance
Shares of visual search and social media site Pinterest (NYSE: PINS) were up 3.3% today as of 2:35 p.m. ET. The stock is down 41% over the past three-month stretch alone as the mood has soured on Pinterest's prospects for average user and engagement growth. While it's still a richly valued business even after enduring an absolute drubbing in 2021, the U.S. Federal Reserve has indicated higher interest rates are in order this year to try and tame inflation.
Continue Reading