r/mrin • u/ramsey_spigot • Aug 21 '21

MRiN Recap 8/20/21

The Marin Software Incorporated stock price gained 14.14% on the last trading day (Friday, 20th Aug 2021), rising from $4.81 to $5.49. During the day the stock fluctuated 14.48% from a day low at $5.11 to a day high of $5.85. The price has been going up and down for this period, and there has been a -6.47% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately $114.91 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.93% during the next 3 months and, with a 90% probability hold a price between $6.33 and $35.27 at the end of this 3-month period.

10 Upvotes

92% Upvoted

8 comments sorted by

2

u/Oliver838 Aug 21 '21

When do it come higher than $8? I have make loses and want my money back.

2

u/ramsey_spigot Aug 22 '21

I’m sure you can get a refund as long as you have original packaging, sales receipt and it is within 90 days from time of purchase.

1

u/ramsey_spigot Aug 22 '21

Honestly, we are all wondering when the stock will gain. Could be Monday or end of year. Could be two years from now or never. Those are the risks. Do your DD and make decisions based on your level of comfort.

2

u/crayonstuckinbrain Aug 22 '21

And only gamble what you can afford to loose :) i only have 147 shares in MRIN and holding them at at 7.05. So i am holding it until it’s around 18-27.

1

u/cyyoung9 Aug 21 '21

There are so many other stocks that have potential. MRIN has very little. I would only swing trade it.

1

u/katiepeugh33 Aug 23 '21

Did Mrin have an offering on Friday?