Grocery Delivery Stock Pops Before Joining S&P 400

Stock Performance and Market Position - Maplebear Inc (NASDAQ:CART), also known as Instacart, will replace Enovis in the S&P MidCap 400 Index (SP400) before the open on Tuesday, Jan 14 [1] - Shares of Maplebear Inc are up 3 8% to trade at 44 54 following the announcement of its inclusion in the S&P MidCap 400 Index [1] - The stock has been supported by the 40 region since pulling back from its all-time high of $50 01 on Nov 7 and is currently testing resistance at the$45 level [2] - Maplebear Inc has been trading above its 100-day moving average since early September and boasts a 95 7% year-over-year lead [2] Analyst Sentiment and Short Interest - 13 out of 26 analysts rate the stock as a "hold," indicating potential for upgrades [3] - Short interest in Maplebear Inc has risen by 13 8% over the last two reporting periods and now represents 5 9% of the stock's available float [3] - An unwinding of bearish bets could further boost the stock's performance [3] Options Market Sentiment - The options market shows a short-term bearish bias, as indicated by Instacart stock's Schaeffer's put/call open interest ratio (SOIR) of 1 04 [4] - This SOIR ratio is higher than 77% of readings from the past 12 months, suggesting a potential sentiment shift [4]