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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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Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
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Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24