If You Invested $10,000 in Pinterest in 2019, This Is How Much You Would Have Today
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.
Source Fool.com
