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Why Pinterest Stock Was Climbing Today

TheMotleyFool

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Shares of social media platform Pinterest (NYSE: PINS) rose on Wednesday. The stock was up as much as 2.80% during trading hours, but as of 3:52 p.m. EDT, it was up 2.17%.

There was no news from Pinterest today that would have driven the stock higher. The stock fell sharply on Monday on no news as well, indicating that heavy trading volume from institutional investors could be causing the move. Ark Invest was selling shares on Monday, which could have spurred the sell-off and then recovery today.

Image source: Getty Images.

Source Fool.com

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