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Benzinga
Benzinga
Business
Melanie Schaffer

Where's Pinterest Stock Headed After Surging 35% On Elliott Management Stake?

Pinterest Elliott Management NYSE

Pinterest, Inc (NYSE:PINS) skyrocketed 35% higher in the after-hours session on Thursday following a report that Elliott Management built a 9% stake in the social media company and was in discussions with Pinterest, although the details and intent of the discussions are not known.

The stock was trading about 15% higher just above the $20 mark at the time of writing Friday. 

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