MRIN Stock Price Increased 34.55%: Why It Happened

By Amit Chowdhry ● Jul 4, 2021
  • The stock price of Marin Software Inc (NASDAQ: MRIN) increased 34.55% on Friday, July 2. This is why it happened.

The stock price of Marin Software Inc (NASDAQ: MRIN) increased 34.55% on Friday, July 2, going from a previous close of $15.08 to $20.29. There is no company-specific news driving the stock price up. The rally is being primarily driven by retail investors who are active on social media platforms like Reddit and StockTwits.

Ever since Marin Software announced its plans to integrate with Instacart on June 23, the stock price increased 1,086.55%, going from $1.71 on June 23 to $20.29 at the previous close on July 2. The Instacart integration makes it easier for brands to connect with customers at the point of sale. And Marin is bringing its experience helping advertisers optimize more than $40 billion in digital advertising spend to the platform.

The mentions about Marin Software increased over 160% on Reddit’s r/WallStreetBets forum, according to Quiver Quantitative data via Seeking Alpha. And discussions about Marin Software was one of the highest trending tickers on StockTwits based on message volume on Friday morning according to TheStreet.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.