NYSE:PINSInteractive Media and Services
Evaluating Pinterest (PINS) After Elliott’s US$1b Investment And US$3.5b Buyback Plan
Pinterest (PINS) is back in focus after Elliott Investment Management committed US$1b, and Pinterest plans to use the funds for an accelerated share repurchase under a US$3.5b board-approved buyback program.
See our latest analysis for Pinterest.
The fresh capital from Elliott and the expanded US$3.5b buyback arrive after a challenging stretch, with a 90 day share price return of 32.1% decline and a 1 year total shareholder return of 43.6% loss. This signals that recent momentum has been weak...