Investors are almost always on the lookout for stocks that might have recorded considerable gains over a short period of time and one of the stocks that could be tracked closely at this point in time is that of Marin Software Inc (NASDAQ:MRIN).
The stock has been in the middle of a rollicking rally over the past week and has managed to generate gains of as much as 375% during the period. Hence, it might be a good move for investors to perhaps take a closer look at it at this point. The company has found favor among investors after it announced last week that its platform MarinOne is going to be able to manage Instacart Ads.
This is a major development for not only the company but also for its MarinOne platform. Marin announced that this Instacart Ads integration is going to make it life easier for brands who wish to connect to their customers directly and that usually takes place at the point of sale. Instacart is currently one of the biggest grocery delivery companies in the United States and it is connected to a large number of retailers.
The company has partnered with as many as 600 retailers which are made up of all categories starting from the national one to the regional and local. It makes deliveries from as many as 55,000 stores spread across 5000 locations all across Canada and the United States. Hence, this integration has the potential of opening up a world of opportunities for advertisers.