Exela Technologies and Marin Software Join Reddit Meme Rally
JUN 29, 2021 6:46 AM EDT
[**M. COREY GOLDMAN**](https://www.thestreet.com/author/m-corey-goldman)
Marin Software ([**MRIN**](https://www.thestreet.com/quote/mrin)) - [Get Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=MRIN) and Exela Technologies ([**XELA**](https://www.thestreet.com/quote/xela)) - [Get Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=XELA) both surged on Tuesday amid touts for both companies’ shares on Reddit message boards to collectively push back against a potential short-squeeze.
Marin shares were up more than 40% in premarket trading, extending gains that have seen its stock rise more than 300% in the past seven trading days. Exela Technologies’ shares were up more than 30% amid touts on various sub-Reddits.
Neither company reported any specific news on Tuesday. Marin's stock hasn't traded above $10 since January 2018, while Exela shares haven't gone above the $10 mark since January 2019. Both companies trade on the Nasdaq.
Marin last week [announced an enhancement to ad management software](https://www.thestreet.com/investing/marin-software-continues-rise-on-instacart-ad-integration) that allows users to manage ads placed on online grocery platform Instacart, providing new options for targeting online shoppers with targeted ads.