5 Prominent NYSE Stocks That Hit 52-Week Highs This Week

In this article, we will take a look at the 5 prominent NYSE stocks that hit 52-week highs this week. To read our analysis of the recent trends, and market activity, you can go to the 15 Prominent NYSE Stocks That Hit 52-Week Highs This Week.

5. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 63

YTD Performance as of December 22: 53.95%

San Francisco, California-based Pinterest, Inc. (NYSE:PINS) is a leading social media platform which allows users, creators, publishers, and businesses to save and publish images and videos which allow other users to discover and visualize activities. The platform boasts more than 450 million monthly active users.

On April 27, Pinterest, Inc. (NYSE:PINS) announced a partnership with online retail giant, Amazon.com, Inc. (NASDAQ:AMZN) which would provide users access to on-Amazon buying experience. The partnership is part of the company’s efforts to make the content available on the platform shoppable.

Pinterest, Inc. (NYSE:PINS) ranks 5^th on our list of 15 prominent NYSE stocks that hit 52-week highs this week. The shares of the company were owned by 63 hedge funds with a total value of $2.3 billion, as of Q3 2023. Paul Singer’s Elliott Management is the largest shareholder among hedge funds, with ownership of 28 million shares valued at $757 million.