Why Pinterest, Square, and Lemonade Stocks Took a Hit on Wednesday

After the Nasdaq Composite started off Wednesday with a nice gain, the index slipped to a slight decline by 1 p.m. EDT. Many growth stocks, however, fell even more. Three notable growth stocks that declined several percentage points or more were visual search and media platform Pinterest (NYSE: PINS), financial technology company Square (NYSE: SQ), and insurer Lemonade (NYSE: LMND).

At about 1 p.m. EDT, shares of Pinterest, Square, and Lemonade were down about 2.2%, 2.5%, and 2.9%, respectively.

Image source: Getty Images.

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Source Fool.com