What’s Next for Blue Apron Holdings Inc (APRN) After Making All-Time Low?

July 17, 2017 - By Adrian Mccoy

The stock of Blue Apron Holdings Inc (NYSE:APRN) reached all time low today, Jul, 17 and still has $6.16 target or 7.00 % below today’s $6.62 share price. This indicates more downside for the $1.24 billion company. This technical setup was reported by Barchart.com. If the $6.16 PT is reached, the company will be worth $86.80 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

About 8.31 million shares traded. Blue Apron Holdings Inc (NYSE:APRN) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Blue Apron Holdings Inc (NYSE:APRN) news were published by: Seekingalpha.com which released: “Blue Apron – Cohort Data Suggests Favorable Unit Economics” on July 13, 2017, also Bloomberg.com with their article: “Snap and Blue Apron Continue to Plunge” published on July 11, 2017, Thestreet.com published: “Amazon Files Trademark to Get Into Meal Kits, Continuing to Haunt Blue Apron” on July 17, 2017. More interesting news about Blue Apron Holdings Inc (NYSE:APRN) were released by: Investorplace.com and their article: “Blue Apron Holdings Inc (APRN) Stock Breaks Down … Is Snap Inc (SNAP) Stock Next?” published on July 17, 2017 as well as Nasdaq.com‘s news article titled: “BUZZ-US STOCKS ON THE MOVE- Blue Apron, Repros, BlackRock, Sevcon, FedEx” with publication date: July 17, 2017.

Blue Apron Holdings, Inc. is a holding company. The company has market cap of $1.24 billion. The Firm is focused on providing recipes and fresh ingredients for making home cooking accessible. It currently has negative earnings. The Firm offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers.

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