Pinterest (NYSE: PINS) went public at $19 per share on April 18, 2019. The social media company's stock opened at $23.75, and eventually soared to an all-time high of $89.15 on Feb. 16, 2021. But today, it trades at about $35 a share.

Therefore, a $10,000 investment in Pinterest's initial public offering (IPO) would have briefly blossomed to $46,921 before shrinking back to about $18,400. An 84% gain in less than five years isn't too bad, but it still burned a lot of investors who had chased Pinterest's post-IPO gains. Let's see why this stock soared, why it tumbled, and where it might be headed.

Image source: Pinterest.

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Source Fool.com