• Sat. Mar 2nd, 2024

Pinterest stock pops 19% on activist investor increasing stake: report


Jul 14, 2022 ,
Boeing stock jumps nearly 8% after maker's commercial-jet deliveries rise more than 50% in Q2

Pinterest Inc.’s stock

popped 19% in extended trading Thursday following a report that activist investor Elliott Management Corp. has built a stake of more than 9% in the social-media company. The investment could make Elliott the biggest stakeholder in Pinterest, according to the Wall Street Journal report. Pinterest was not immediately available for comment. Amid a spate of executive departures, Ben Silbermann stepped down as chief executive in June, and was replaced by Bill Ready, previously president of commerce at Alphabet Inc.’s



Image and article originally from www.marketwatch.com. Read the original article here.