Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Elliott's US$1b Bet On Pinterest And The US$3.5b Buyback Question [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Elliott Investment Management has invested about $1 billion in Pinterest via convertible senior notes. The deal significantly increases Elliott's stake, making it the largest shareholder in Pinterest (NYSE:PINS). The capital supports Pinterest's expanded $3.5 billion accelerated share repurchase plan. Pinterest, trading at around $18.18 per share, has experienced heavy share price pressure, with the stock down 31.6% year to date and 43.1% over the past year. The longer term picture is also weak, with a 31.1% decline over three years and 75.1% over five years, which provides context for why a large investor might push for change. For investors, Elliott's move and the $3.5 billion buyback authorization highlight capital allocation and governance at NYSE:PINS. Key questions from here include how this new inf Show less Read more
Impact Snapshot
Event Time:
PINS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for PINS alerts
Opt-in for
PINS alerts

from News Quantified
Opt-in for
PINS alerts

from News Quantified