Shares of Pinterest (NYSE: PINS) fell more than 33% in 2022 and are down a brutal 70% at this writing from the all-time high reached, all the way back in early 2021.
But since bottoming out on June 14, 2022, Pinterest stock went on a bit of a tear, closing the year up 41.2% from that low. Its shares have continued to gain since, too, up almost 57% at this writing from the June 14 low.
Like many high-growth tech and internet stocks, Pinterest shares skyrocketed during and right after the coronavirus pandemic. But since the peak in the spring and summer of 2021, they have fallen sharply as growth has slowed, and the company's ability to make the most of its platform as a space for advertisers has come into question.
For further details see:
Pinterest Stock Actually Gained 41% in the Second Half of 2022. Is the Worst Over?