Can Blue Apron Bounce Back After Last Week's 26% Drop?
The indigestion continues for Blue Apron (NYSE: APRN) investors. Shares of the skidding meal-kit provider plunged 26.1% last week, taking another hit after posting another dreadful quarterly report.
Blue Apron has become one of this year's biggest IPO losers. It went public at $10 this summer, only to have shed 62% of its value. It may continue moving lower, as another analyst would go on to downgrade the stock following Blue Apron's rough quarter and even gloomier near-term outlook.
Image source: Blue Apron.
Source: Fool.com
