- The stock price of Marin Software Inc (NASDAQ: MRIN) increased by over 47% during intraday trading. This is why it happened.
The stock price of Marin Software Inc (NASDAQ: MRIN) – a leading provider of digital marketing software for performance-driven advertisers and agencies – increased by over 47% during intraday trading. Investors are citing the company’s plan to announce its financial results for the quarter ended June 30, 2021, after market close today.
Marin Software also announced it will hold a conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. And the conference call may include forward-looking statements.
Marin Software is also known as being a favorite amongst retail investors who are active on social media platforms like Reddit, StockTwits, and Discord. And it became known as a “meme stock” earlier this year.
On June 23 afternoon, Marin had announced it has added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration will make it easier for brands to connect with customers directly at the point of sale. Interestingly, the stock price increased by over 124% over the following week, but then it pulled back over 60% since then.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
