#PINTEREST NYSE PINS FULL#

This is relevant because oftentimes, there will be a phenomenon in the financial markets known as the sympathy effect. In fact, SNAP stock was even deeper in the red than Pinterest stock today. Snap Stock’s Fall May Have Weighed on Pinterest Stockīefore we get into the nitty-gritty of Pinterest’s financials, it’s worth noting that Snap ( NYSE:SNAP) stock collapsed at the same time that PINS stock fell. Naturally, contrarians will want to investigate further instead of following the crowd - and after a deep dive into the data, you might want to take a position in Pinterest stock. All of a sudden, buyers turned into panic sellers, and Pinterest was out of favor among investors. PINS stock was actually doing fairly well in 2023 until it released its earnings report yesterday. This distinguishes Pinterest from Twitter, and Pinterest’s visual emphasis allows for selling/monetization opportunities within the app.

Headquartered in San Francisco, Pinterest operates a social media app that’s based mostly on picture sharing. I am bullish on PINS stock because Pinterest’s results were perfectly fine, and the reasons for the share price decline aren’t entirely rational.

#PINTEREST NYSE PINS FULL#

Sellers of Pinterest ( NYSE:PINS) stock were out in full force after the company’s recent earnings release, but I believe they’ll regret their decision soon.

Pinterest nyse pins