Pinterest Inc (NYSE: PINS) shares traded lower Tuesday following a downgrade from Guggenheim.
Analyst Michael Morris downgraded the stock from a Buy to a Neutral rating and lowered the price target from $46 to $39. This pushed Pinterest further below a technical channel it traded in.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Stocks That Managed to Breach 52-Week Lows Tuesday Morning
Before 10 am Tuesday, 44 stocks made new 52-week lows.
52-Week High And Low Highlights:
Block (NYSE: SQ) was the biggest company on a market cap basis to set aStocks That Managed to Breach 52-Week Lows Tuesday Morning
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Someone with a lot of money to spend has taken a bearish stance on Pinterest (NYSE:PINS).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Over the past 3 months, 9 analysts have published their opinion on Pinterest (NYSE:PINS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.