Pinterest Shares Climb Despite Grizzly Research Short Report
Portfolio Pulse from Erica Kollmann
Pinterest shares are climbing despite a negative short report from Grizzly Research, which claims the company is in a 'death spiral' and misleading investors about user engagement. The report criticizes Pinterest's focus on Monthly Active Users and alleges traffic losses in Western markets. Despite this, Pinterest shares are up 1.46% at $41.56.
July 19, 2024 | 2:56 pm
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Pinterest shares are climbing despite a negative short report from Grizzly Research, which claims the company is in a 'death spiral' and misleading investors about user engagement. The report criticizes Pinterest's focus on Monthly Active Users and alleges traffic losses in Western markets.
Despite the negative short report from Grizzly Research, Pinterest shares are up 1.46%. This suggests that investors are not significantly swayed by the report's claims, possibly due to the stock's recent performance and oversold conditions indicated by an RSI of 16.14.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100