Pinterest (NYSE:PINS) closed at $15.42, down 16.83%, following mixed quarterly results, weaker revenue outlook, and analyst downgrades. Trading volume spiked to 66 million shares, well above the three-month average. The S&P 500 ended flat, while the Nasdaq Composite slipped 0.22%. Pinterest reported a 12% increase in global monthly active users but projected lower first-quarter sales. Wall Street firms downgraded the stock due to concerns about growth and competition. Consider other stock options with potential for high returns, as Pinterest wasn’t among the top 10 picks by The Motley Fool Stock Advisor team.
Read more at Nasdaq: Stock Market Today, Feb. 13: Pinterest Drops on Weak Revenue Outlook
