Balloon, Meet Pinterest

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Last week, the stock of Pinterest (which is basically Socialtrade for everything except stock charts) exploded higher as it was widely understood that Paypal would be buying them at $71 per share. It was a very specific, and apparently plausible, rumor, and it caused PINS shareholders to leap for joy as their stock instantly had massive gains.

Well, I can’t remember the last time something like this happened, but a glance at the News tab in SlopeCharts states:

So the stock has lost all those gains, and much more, throwing it back to the lowest price it’s been for an entire year.