logo
Plus   Neg
Share
Email

Stock Alert: Blue Apron Jumps 17%

Shares of Blue Apron Holdings Inc. (APRN) are gaining almost 17 percent or $2.05 in Tuesday's morning trade at $14.23 despite the absence of any particular corporate event.

New York-based Blue Apron delivers meal-kit delivery services. The company operates a direct-to-consumer platform that delivers original recipes as well as fresh and seasonal ingredients. Blue Apron has benefited from the coronavirus-induced lockdowns as Americans were forced to shop from home rather than at grocery stores.

In May, Blue Apron said it continued to see heightened demand for its meal kits as a result of changes in consumer habits related to the COVID-19 pandemic. The company has scaled operations to meet the increased demand and has started re-introducing variety in its menu.

Further, the company reiterated its 2020 second-quarter guidance provided in late April. The stock has traded in a range of $2.01 to $28.84 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
DMM Vission is recalling five lots of Cleaner Hand Sanitizer due to potential presence of methanol (wood alcohol), the U.S. Food & Drug Administration said in a statement. The company is yet to receive any reports of adverse events involving the product. Facebook Inc. said it will ban ads that seek to delegitimize the Presidential election. The announcement is in line with the social media giant's decision to prohibit ads that make premature declarations of victory as it aims to protect the integrity of the upcoming U.S. 2020 elections. Rob Leathern, Director of Product Management, in a tweet said that these changes apply to ads across Facebook... While reporting financial results for the first quarter of fiscal 2021 on Thursday, Conagra Brands, Inc. (CAG) provided only its adjusted earnings and organic net sales growth guidance for the second quarter of fiscal 2021. The company is still not initiating annual outlook, as is usual, as the impact...
Follow RTT