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Why Pinterest Stock Soared 55% in July

TheMotleyFool

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Pinterest (NYSE: PINS) stock skyrocketed 54.7% in July, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 5.6% last month.

In 2020, shares of the image-sharing platform operator, which went public in April 2019, are up a whopping 86.7% through Aug. 4. The broader market has returned 3.5% over this period.

Image source: Getty Images.

Source Fool.com

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