Best places to trade Pinterest stock: it’s on fire after rumors of PayPal acquisition
- Today, Pinterest stock (NYSE:PINS), is up +7.10 (12.77%).
- PayPal is rumored to be planning the acquisition of Pinterest (NYSE:PINS).
- Here is a brief guide on the best places to trade Pinterest stock.
Pinterest stock is on fire after rumors immerged that digital payments kingpin PayPal Holdings is eyeing to acquire Pinterest. The acquisition is expected to propel NYSE:PINS to higher prices and investors are coming in to avoid being left out in the take-off.
To help stock traders eying the Pinterest stock, Invezz has created a brief article on what it is and the best places to buy it.
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Best places to trade Pinterest Stock
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What is Pinterest stock?
Pinterest stock is the stock of Pinterest and it trades on New York Stock Exchange (NYSE) under the symbol NYSE:PINS. It is a Class A stock.
Pinterest is an image sharing and social media platform currently owned by Pinterest Company, which is headquartered in San Francisco, California, U.S.
Pinterest aims to make saving and discovery of information on the internet simpler using images, videos, and animated GIFs in the form of pinboards.
Should I buy the PINS stock today?
PINS stock is a great stock to invest in now especially if the talks between PayPal and Pinterest were to be successful. Investors expect the acquisition to propel the stock price upwards.
PINS stock price prediction
The PINS stock had dipped slightly in the last few days but the talks of PayPal acquisition of Pinterest is expected to propel the stock up especially if they are to bear successful fruits.