Pinterest Inc. (PINS) News
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PINS News Highlights
- PINS's 30 day story count now stands at 20.
- Over the past 11 days, the trend for PINS's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- The most mentioned tickers in articles about PINS are CART, AMZN and BEAT.
Latest PINS News From Around the Web
Below are the latest news stories about PINTEREST INC that investors may wish to consider to help them evaluate PINS as an investment opportunity.
On April 27, image-browsing platform Pinterest (NYSE: PINS) announced a partnership with e-commerce giant Amazon (NASDAQ: AMZN). Since then, shares of Pinterest have dropped 3% in value -- the market doesn't appear to be impressed at all with the partnership. When I first found out about Pinterest's partnership with Amazon, I was excited.
Image-browsing platform Pinterest (NYSE: PINS) appointed new CEO Bill Ready one year ago. Pinterest's management team believes that five years from now, the business could be generating around $6 billion in annual revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA) could reach $1.8 billion. If those numbers are accurate, Pinterest stock could feasibly double in value over the next five years.
Pinterest saw another improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96. Pinterest is currently forming a consolidation, with a 30.86 buy point. It has recently cleared most key moving averages, and as of this writing it has reached the 50-day.
On September 27, 2023, Christine Deputy, Chief People Officer of Pinterest Inc (NYSE:PINS), sold 14,896 shares of the company.
Pinterest (PINS) closed at $26.49 in the latest trading session, marking a +1.61% move from the prior day.
The social media platform is making the right moves
Pinterest stock saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Today's top research calls for upgrade, downgrade and initiate on stocks, as compiled by The Fly.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
A Relative Strength Rating upgrade for Pinterest shows improving technical performance. Will it continue?