DJ Marin Software Hits Another 52-Week High in Continued Heavy Trade
By Chris Wack
Marin Software Inc. shares continued their up-and-down week, rising 52% to $16.32 after the company said last week its flagship MarinOne platform is now able to manage Instacart Ads.
Volume for the stock was 51 million shares at 10:45 a.m. ET, compared with a 65-day average volume of 15.6 million shares. The stock, which has 11 million shares outstanding, hit a 52-week high of $19.95 earlier in the session after dropping 38% Wednesday.
The technology company said the integration with Instacart Ads will make it easier for brands to connect with customers directly at the point of sale.
Instacart partners with more than 600 national, regional and local retailers, including unique brand names, to deliver from nearly 55,000 stores across more than 5,500 cities in the U.S. and Canada.
The self-serve MarinOne platform unites lower-funnel marketplace advertising with paid search and paid social campaigns to help generate additional demand, it said.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 01, 2021 10:49 ET (14:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.