• Sat. Oct 1st, 2022

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

Byanna

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


Pinterest Inc.’s stock
PINS,
-4.62%

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
GOOGL,
-0.89%

GOOG,
-0.67%

Google.



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