Retail darling Marin Software more than doubles as trading balloons

Bsquare

29/06/2021 21:32

(Adds detail throughout)
    ** Shares in digital marketing software provider's Marin
Software  MRIN.O  close up 130.7% at $17.30 and with more than
346 mln shares changing hands, the second most actively traded
stock on U.S. exchanges.
    ** After closing at $7.50 on Monday, MRIN shares hit a
session high of $18.82 as volume accelerated in late trading on
Tuesday
    ** MRIN now up more than 756% YTD 
    ** Trading in the once-sleepy stock, which closed at $1.71
on June 23, started to accelerate on June 24 after it said its
MarinOne platform could manage Instacart ads, allowing marketers
to combine Instacart ads with other marketing campaigns in one
place (https://bit.ly/3xPQ2pa) urn:newsml:reuters.com:*:nL3N2O62XF
    ** MRIN on Tues was the top trending stock on
trading-focused social media site Stocktwits, which is commonly
seen as a measure of interest from retail investors
    ** MRIN shares doubled previous trading session, topping
volume charts across U.S. exchanges after advancing 132% last
week 
    ** Shares of other so-called "meme stocks" that are popular
on social media were again seeing some of the highest trading
volumes on U.S. exchanges on Tuesday
    ** Marin jostled for the No. 1 position in trading volume on
U.S. exchanges. Another small cap company, Exela Technologies
 XELA.O , surged 59%, with more than 348 million shares traded
    ** Another small tech stock BSquare Corp  BSQR.O , was the
third most actively traded, with 236 mln shares changing hands
and a 206% gain 
    ** Sundial Growers Inc  SNDL.O  fell 2.9% and was the fourth
most active stock, with 107 mln shares traded. Fifth biggest
volume traded was another meme stock, ContextLogic  WISH.O ,
which fell 6.9%, with volume of ~100 mln

 (Reporting by Shreyashi Sanyal and Medha Singh in Bengaluru,
Sinéad Carew in New York)
 ((sinead.carew@thomsonreuters.com))