If You Own This Stock, It's Time to Buy More
Different investors can simultaneously call a stock a winner and a loser, depending on the time frame each has in mind. For example, consider Pinterest (NYSE: PINS). The stock has more than doubled since it went public in 2019, handily beating the market. So, on one hand, it's a winner. But Pinterest stock is also down 21% so far in 2021 and down 42% from its all-time high. So, on the other hand, it's also a loser.
The ups and downs of Pinterest stock might leave some to wonder why stocks even go up and down in the first place. As we'll see, there's a very important factor that makes stocks go up over the long term. And the good news for Pinterest shareholders is that Pinterest is exhibiting this trait -- if you know where to look. Therefore, if you already own Pinterest stock, it may be time to buy more, considering its recent underperformance.
Image source: Getty Images.
Source Fool.com
