Is Pinterest Stock a Buy Now?
Pinterest's (NYSE: PINS) stock price soared 21% during after-hours trading on Aug. 1 following its second-quarter earnings report. Pinterest's headline numbers looked grim, but its guidance for "mid-single-digit" year-over-year revenue growth in the third quarter allayed some fears about a deeper near-term slowdown. Elliott Management, the activist investing firm that took a 9% stake in Pinterest in June, also said it had increased that stake again (to an undisclosed percentage) to become its single-largest shareholder.