On Wednesday, Pinterest stock received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest runs.
Is Pinterest Stock A Buy?
Pinterest stock is working on a double bottom with a 40.90 buy point. See if it can clear the breakout price in heavy trade.
Earnings growth picked up last quarter from 6% to 35%. But revenue gains fell from 18% to 16%. The next quarterly numbers are expected on or around Aug. 7.
Pinterest stock holds the No. 1 rank among its peers in the Internet-Content industry group. Pinterest and Full Truck Alliance ADR are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
