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Blue Apron Stock Tumbles

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Last Wednesday, a Blue Apron investor sold 15 million shares at $1.15 apiece. Business Insider reports this represents an 11% discount to the prior day's closing price. Shares have since tanked 26%, touching $0.95 on Monday. The meal-kit maker has had difficulty retaining customers in the past. The stock bottomed at $0.65 in December. The stock started to recover following a December 20 announcement that the company partnered with Weight Watchers.

Added on the 05/03/2019 07:15:24 - Copyright : Wochit

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