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Blue Apron Hits All-Time Low

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Shares of meal-kit delivery service Blue Apron sank after Morgan Stanley slashed its price target to $6 from $21. The downgrade came after a recent 1-for-15 reverse stock split did little to boost Blue Apron shares, now trading at an all-time low of $6.58. The company has struggled since its IPO in mid-2017. Watch Blue Apron trade on Markets Insider. A popular meal-kit service may not be delivering for much longer. Shares of Blue Apron tumbled as much as than 4% to an all-time low of $6.46 on Tuesday after Morgan Stanley lowered its price target on the stock to $6 from $21 — a more than 70% cut.

Added on the 25/06/2019 19:00:45 - Copyright : Wochit

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