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05.03.2020 15:33:00

Why Pinterest Stock Dropped 11.5% in February

Pinterest (NYSE: PINS) stock fell 11.5% in February, according to data from S&P Global Market Intelligence. That's not as bad as it might seem at first glance when you consider that the S&P 500 index dropped 8.2% last month. The market sold off on concerns that COVID-19, the illness caused by the recent coronavirus outbreak, could blunt global economic growth.Shares of the image-sharing platform operator have moved 2.1% lower in the first three trading days of March bringing their year-to-date 2020 gain down to 6.1% through Wednesday. This compares with the broader market's negative 2.8% return. Image source: Getty Images.Continue reading
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