Why Pinterest Stock Jumped Wednesday Morning

Shares of visual and search social media company Pinterest (NYSE: PINS) popped on Wednesday, rising as much as 5%. As of 12:05 p.m. ET, however, the stock was up about 2%.

The stock's gain comes amid an upbeat day for the overall stock market, with many tech stocks like Pinterest seeing outsized gains. The move interestingly occurred even as Citi lowered its price target on the stock.

Image source: Pinterest.

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Source Fool.com