Why Instacart Stock Jumped Today

The company's wide selection, fast delivery options, and improved affordability are resonating with consumers.Shares of Instacart (CART +9.27%) rallied on Friday after the food delivery platform issue an upbeat growth forecast. By the close of trading, Instacart's stock price was up more than 9%. Instacart is providing value to shoppers, grocers, and advertisers alikeInstacart's gross transaction volume (GTV) -- the total dollar value of all products sold on its platform -- climbed 14% year over year to $9. ...