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Why Pinterest Stock Plunged 25% in July

TheMotleyFool

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Pinterest (NYSE: PINS) stock plummeted 25.4% in July, according to data from S&P Global Market Intelligence. The catalyst was the image-sharing platform's release of its second-quarter report, which disappointed many investors. For context, the S&P 500 returned 2.4% last month.

So far this month, through Aug. 9, Pinterest stock is nearly flat (down about 0.2%) while the S&P 500 is up nearly 1%.

Despite July's big pullback, shares of Pinterest (which went public in April 2019) are up 68.2% over the one-year period through Aug. 9, compared with the broader market's 34.3% return over this period.

Source Fool.com

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