S&P 500 Futures Decline in Premarket Trading; Doximity, Axon Enterprise Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Should l Buy PINS?
Source: Barron's
Stock Market Movements: Doximity Inc. and Axon Enterprise saw significant pre-market gains of 38.7% and 15.1%, respectively, while Pinterest and Fluor Corp. experienced declines of 12.7% and 10.8%. The S&P 500 futures were down 0.10% ahead of the market opening.
Commodities and Global Markets: Brent crude oil and gold futures fell by 0.97% and 0.33%, while Bitcoin decreased by 0.74%. European stocks were also down, with the STOXX Europe 600 Index dropping 0.47% and the FTSE 100 Index declining 0.78%.
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Analyst Views on PINS
Wall Street analysts forecast PINS stock price to rise
17 Analyst Rating
14 Buy
3 Hold
0 Sell
Strong Buy
Current: 17.130
Low
24.90
Averages
35.46
High
44.00
Current: 17.130
Low
24.90
Averages
35.46
High
44.00
About PINS
Pinterest, Inc. (Pinterest) offers visual search and discovery platform. The Company’s primary service, Pinterest, can be accessed through its mobile application or the Web. People use Pinterest to find ideas. As they browse Pinterest content, Pins, they fine-tune their tastes and find the idea. Users interact with the platform in multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from brands. It has approximately 553 million monthly active users across the world. Content on Pinterest comes from a variety of sources, including retailers, brands, creators, publishers and users. It acquires that content via a range of methods, including product catalog uploads, direct publishing, and user curation. Content formats include images that allow the user to click into an idea to learn more, videos that provide the steps of an idea, and products that brands and merchants upload from catalogs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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