2 Social Media Stocks to Watch Amid Reddit Turmoil
Group 1 - Snap Inc (SNAP) and Pinterest Inc (PINS) are experiencing declines in stock prices, with SNAP down 0.7% to 32.27, following a downgrade of sector peer Reddit by Wells Fargo [1] - SNAP is facing its fourth drop in five sessions, currently down 19.2% year to date, and is near its six-year low of $7.08 [2] - PINS has shown better near-term performance, up 11% in 2025, but has struggled over the past year, contending with the 80-day moving average as a support level [2] Group 2 - Short interest has increased for both SNAP and PINS, with rises of 18.1% and 20.7% respectively, accounting for 8.2% and 5.5% of their available floats [3] - There is over two days' worth of pent-up buying power available for both stocks [3]