Here's Why Pinterest Stock Is Soaring Today
The stock market was essentially flat shortly after the opening bell Friday, with all three major averages up or down by 0.2% or less as of 9:50 a.m. ET. However, Pinterest (NYSE: PINS) was a big outperformer, with shares up by 8% in volatile trading.
The short explanation is that Pinterest reported fourth-quarter earnings that investors were very happy with. In fact, the stock was up by 25% in Thursday's after-hours session before cooling off.
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Source Fool.com