Pinterest Stock Surges. Will This Rally Finally Last?
Share prices of Pinterest (NYSE: PINS) soared after the social media company reported strong results on May 8. They got another boost a few days later on news of easing tensions in the U.S.-China trade war. Nonetheless, the stock still trades down about 21% over the past year, as of this writing.
The stock has shown rally-like signs in the past year, only for the rally to eventually sputter. This is the second time this year that the stock has risen by 15% or more at some point directly after it has reported earnings.
Let's look at Pinterest's most recent results and guidance to see whether this rally can stick.
Source Fool.com
