Marin Software up 61%, joins "meme stocks" club

Marin Software

24/06/2021 13:22

** Shares of digital marketing software provider  MRIN.O 
jump 61.4% to $2.76 premarket; top traded stock with ~11 mln
shares transacted by 8:12 a.m. ET
    ** Becomes the latest stock to garner attention from
individual traders on social media who have bid up shares of a
group of heavily shorted U.S.-listed stocks this year, including
video game retailer GameStop Corp  GME.N  and cinema operator
AMC Entertainment Holdings Inc  AMC.N 
    ** Although MRIN had short interest of only 1.92% of free
float as of May 28 - Refinitiv data - it is among the top 10
stocks with the most new watchers in the past 24 hours on
Stocktwits, a trading-focused website
    ** MRIN said on Tuesday its MarinOne platform was now able
to manage Instacart ads, helping boost customer demand by
allowing marketers to combine Instacart ads with other marketing
campaigns in one place (https://bit.ly/3xPQ2pa)
    ** MRIN hit a high of $139.65 per share in its 2013 IPO;
stock has fallen every year except 2020 and is now down ~99%
from its IPO high
        
    

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Marin Software share price since IPO    https://tmsnrt.rs/3jd6yeS
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 (Reporting by Sagarika Jaisinghani)
 ((sagarika.jaisinghani@thomsonreuters.com;))