Marin Software leads 'meme stocks' higher in another volume rush

Marin Software

29/06/2021 11:51

** Digital marketing software provider's shares  MRIN.O 
jump 28% to $9.60 premarket, with over 3.2 mln shares changing
hands
    ** MRIN among top 10 trending stocks on trading-focused
social media site Stocktwits, a platform commonly seen as a
measure of interest from retail investors, with ~93% of messages
reflecting positive sentiment
    ** Company's shares jumped nearly 97% in previous trading
session, topping volume charts across U.S. exchanges
    ** 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
    ** Sundial Growers Inc  SNDL.O  shares up 1%, with 208k
shares trading premarket
    ** A meme stock rally in January where individual investors
bid up shares of heavily shorted companies triggered a short
squeeze in some stocks such as GameStop Corp  GME.N 

 (Reporting by Shreyashi Sanyal and Medha Singh)
 ((Shreyashi.Sanyal@thomsonreuters.com))