Meme favorites back on top of volume charts

Marin Software

28/06/2021 13:45

** Shares of a few "meme stocks" seeing some of the highest
trading volumes on U.S. exchanges on Monday, with Marin Software
 MRIN.O  leading the charge with a 33.3% gain and more than 9
mln shares changing hands in premarket trading
    ** Shares of  Sundial Growers Inc  SNDL.O  and ContextLogic
Inc  WISH.O  log share volumes of 1.1 mln - 1.2 mln by 8:27 a.m.
ET
    ** Shares of all three companies have swung last week in
moves characteristic of the Reddit-inspired rally, with MRIN up
132% last week, WISH up 23%, and SNDL up 5%
    ** 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 in Bengaluru)
 ((Shreyashi.Sanyal@thomsonreuters.com;))