Marin Software (NASDAQ:MRIN) is experiencing a surge in its stock price after the company announced its support for both Reddit and X, formerly known as Twitter.
With this latest development, marketers can now leverage Marin Software’s AI-powered platform to target users on Reddit and X, reaching a combined 81 million daily active users on Reddit and 500 million monthly active users on X.
Chris Lien, CEO of Marin Software, expressed enthusiasm about the integration, stating, “Integrating Reddit and X into our ecosystem allows us to provide industry-leading intelligence, optimization, and automation for digital marketers across all channels.”
MRIN Stock Movement Today
Following this announcement, there has been a notable increase in trading activity for MRIN stock, with over 37 million shares changing hands, a significant jump from the average daily trading volume of around 300,000 shares.
As of Friday morning, MRIN stock is up by 32%, although it has only seen a 6.7% increase since the beginning of the year.
Investors looking for the latest stock market updates will find valuable insights here!
More Stock Market News for Friday
For more information on the latest stock market trends and updates, including insights on Doximity (NYSE:DOCS), Take-Two Interactive (NASDAQ:TTWO), and FSD Pharma (NASDAQ:HUGE) stocks, check out the links provided below!
Analysis: Marin Software’s announcement of support for Reddit and X has driven a surge in its stock price, showcasing the company’s potential for growth and expansion in the digital marketing space. This development opens up new opportunities for marketers to reach a larger audience and utilize Marin Software’s advanced AI capabilities for enhanced optimization and automation. Investors should keep an eye on MRIN stock as it continues to show positive momentum and potential for further growth in the market.