Pinterest ( (PINS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Pinterest’s stock is experiencing a downturn as bearish sentiment grows, evidenced by a notable rise in put option trading. The Put/Call Ratio has climbed to 2.05, reflecting increased market volatility and uncertainty ahead of the upcoming November earnings report. This indicates a cautious and negative outlook from investors regarding Pinterest’s short-term performance.
More about Pinterest
YTD Price Performance: 15.34%
Average Trading Volume: 9,694,487
Technical Sentiment Signal: Buy
Current Market Cap: $24.01B
For further insights into PINS stock on TipRanks’ Stock Analysis page.
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