Pinterest Stock Is Deeply Oversold on Earnings Selloff. Should You Buy the Dip?

Pinterest (PINS) shares closed more than 16% lower last Friday after the visual discovery firm reported a weaker-than-expected Q4 and issued disappointing guidance for the future. As investors reacted to an 85% year-over-year decline in net income, PINS’ relative strength index (14-day) crashed to about 16 only, indicating extremely oversold conditions. More News from Barchart Still, Citi analysts recommend unloading Pinterest stock that’s already now down some 45% versus its year-to-date high. www.ba ...