Jun. 18 at 7:02 PM
$PINS
In my opinion, the only way to really move this stock would be if the community acted together, similar to what happened during GameStop, when many people placed very high limit sell orders. But honestly, this community seems pretty much dead. I’ve been following this stock for a while, and there are barely any discussions here.
Fundamentally, I think Pinterest is a strong company. There are plenty of reasons why it should be trading higher than it is today. We’ve had positive news, solid earnings, and improving fundamentals, yet the stock still hasn’t broken out. It feels like the market is waiting for a real catalyst.
Right now, the stock just seems stuck between
$20 and
$22. Until buyers or sellers take control, it’s hard to say which direction it will choose.
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