U.S. Markets closed

Pinterest (PINS) Catches Eye: Stock Jumps 5.7%

Zacks Equity Research

Pinterest, Inc. PINS was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $25.31–$28.55 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Pinterest. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Pinterest currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Pinterest, Inc. Price

Pinterest, Inc. Price

Pinterest, Inc. price | Pinterest, Inc. Quote

Investors interested in the Internet - Software industry may consider a better-ranked stock like Alteryx, Inc. AYX, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PINS going up? Or down? Predict to see what others think:Up or Down

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.

See them now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Pinterest, Inc. (PINS) : Free Stock Analysis Report
 
Alteryx, Inc. (AYX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research