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Why Pinterest Stock Jumped 34% in April

TheMotleyFool

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Shares of Pinterest (NYSE: PINS) were flying higher last month as the social media company recouped some of its losses from March after it reported preliminary first-quarter earnings, and benefited from better-than-expected earnings reports from its social media peers.

According to data from S&P Global Market Intelligence, the stock finished April up 34%. The stock moved higher in multiple stages and also benefited from broader gains in the S&P 500 index.