Shares of Pinterest (NYSE:PINS) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved down to $59.48.
Cathie Wood-led Ark Invest rushed to scoop up shares in Pinterest Inc (NYSE: PINS) as shares of the company tumbled 18% on Friday and said the social media platform could become a prime beneficiary of the shift toward social commerce.
Tesla Inc (NASDAQ: TSLA) bull Cathie Wood-led Ark Invest sold some of the shares in the electric vehicle maker months after setting a steep price target on the stock as the investment management firm re-balances its portfolio.
Benzinga has examined the prospects for many investor favorite stocks over the last week.
Last week's bullish calls included two FAANG stocks, a Bitcoin play and an industrial giant.
Pinterest analysts are reacting to the company’s second quarter report that saw strong revenue growth but offered lower active users and third quarter guidance than expected.
Toward the end of trading Friday, the Dow traded down 0.42% to 34,936.96 while the NASDAQ fell 0.75% to 14,667.14. The S&P also fell, dropping 0.53% to 4,395.57.
Pinterest Inc (NYSE: PINS) is trading significantly lower Friday morning despite announcing better-than-expected second-quarter financial results. The company reported 454 million monthly active users and average revenue per user of $1.32.