|Bid||18.52 x 2200|
|Ask||18.68 x 900|
|Day's range||17.81 - 18.76|
|52-week range||16.14 - 81.77|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||41.58|
|Earnings date||27 Jul 2022 - 01 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||28.21|
Shares of Pinterest (NYSE: PINS) were under pressure this week along with the rest of the market to end the worst first half of a year for stocks in over 50 years. For the sake of keeping score, the social media stock was down 13% on the week, the S&P 500 was down 2.2%, and the Nasdaq Composite was down 3.6%. During the first half of 2022, Pinterest has lost 50% of its value.
Long-term investors in Pinterest (NYSE: PINS) have experienced a genuine roller-coaster ride. Because the past few years in the stock market have been so volatile on a large scale, it's hard to tell how much of Pinterest's share price movements have been due to its business performance, and how much should be attributed to the broader market conditions. At least within the company, it appears there has been a realization that changes need to be made, and this week co-founder Ben Silberman stepped down as CEO.
Pinterest (NYSE: PINS) surprised investors on June 28 by announcing that Ben Silverman, who co-founded the social media company, would resign from the CEO position and become its executive chairman instead. Silverman will be succeeded by Bill Ready, who previously led Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) commerce and payment efforts at Google. Pinterest's shares initially soared 10% during after-hours trading on June 28 following the announcement, but they subsequently gave up most of those gains and advanced just 1% on June 29.