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αα αα α¨α°α¨αα°α αα΅α α¨-αα αα₯αα΅ (Online Shopping) α²αα αα₯αα±α α αα₯α³ αααα α α΅ααα αααα΅ αα»ααα’α¨ααααα₯αα½α ααααα«αα½ α α₯α«α΅π― α₯αα²αα α αα ααΉα α°αα£α£α α²αα αααα«α½α α α³α²α΅ α¨αα α₯ααα½α α α«α°ααα’ α¨α³α½ α£αα α α΅α«α»α½α α«ααα
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Pinterest (PINS) Stock Sinks As Market Gains
Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%. Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time. Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersβor maybe the next Silverado?βechoed through the canyons of Wall Street as investors prepared for the worst.
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