Long Position on PINS @ $61.75 on 10/21/2021 (Momentum)

Pinterest, Inc. (PINS) provides visual discovery engine in the United States and internationally.

The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others. It shows them visual recommendations based on people personal taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012.

Pinterest, Inc. was founded in 2008 and is headquartered in San Francisco, California.

Please note, this stock reports earnings on Wednesday, November 3rd.

Pinterest, Inc. reported 2nd Quarter June 2021 earnings of $0.35 per share on revenue of $613.2 million. The consensus earnings estimate was $0.13 per share on revenue of $561.9 million. Revenue grew 125.0% on a year-over-year basis.

Among news that PayPal is interested in acquiring the company, share prices should be rising.

Entry Point: $61.75

Trading Range: $48.29 - $89.90

Stop Loss: $58.70

Target Price: $68.00

Position closed on 10/25/2021 at price of $58.70 with a -4.94% loss in 4 days.

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