Marin Software - Instacart brough the Fire 🔥
-The huge moves come less than a week after the San Francisco-based software firm announced a new integration with Instacart. Following that news, investors doubled the price of MRIN stock as trading volume surged.
-While the integration collaboration is big for Marin — allowing users to manage Instacart ads, something that enables brands to connect with customers more directly at the point of sale — there’s seemingly more going on.
-That “more” is likely the hoard of Reddit’s retail traders, in the absence of any material news regarding the company. In what’s becoming a familiar response, r/WallStreetBets social sentiment on MRIN stock is spiking this morning, as indicated on tracking website Memeberg Terminal.
Our Opinion:
Optimistically speaking, can reach R2 and start dropping from there-on back to R1.
-While the integration collaboration is big for Marin — allowing users to manage Instacart ads, something that enables brands to connect with customers more directly at the point of sale — there’s seemingly more going on.
-That “more” is likely the hoard of Reddit’s retail traders, in the absence of any material news regarding the company. In what’s becoming a familiar response, r/WallStreetBets social sentiment on MRIN stock is spiking this morning, as indicated on tracking website Memeberg Terminal.
Our Opinion:
Optimistically speaking, can reach R2 and start dropping from there-on back to R1.