Why Pinterest Stock Jumped on Monday
Shares of Pinterest (NYSE: PINS) jumped sharply higher on Monday, rising more than 6% as of 3:30 p.m. ET.
The stock's gain follows a steep sell-off that has largely persisted since earlier this summer. The growth stock's gain on Monday suggests that some investors think the sell-off has gone too far, creating a buying opportunity. Furthermore, the gain was likely helped by a bullish day in the overall market.
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Source Fool.com
