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Why Pinterest Stock Climbed 13% Last Month

TheMotleyFool

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Why Pinterest Stock Climbed 13% Last Month

Shares of Pinterest (NYSE: PINS) were moving higher after the virtual pin-board operator got a boost from some bullish analyst ratings and became the top downloaded app in the middle of the month with the help of Apple's iOS 14.

According to data from S&P Global Market Intelligence, the stock finished up 13%. As the chart below shows, the stock quickly recovered from the sell-off in tech stocks at the beginning of the month.