Why Blue Apron Holding Inc Stock Sank Today
Shares of Blue Apron Holding Inc (NYSE: APRN) resumed their decline after a brief respite as the company ousted its Chief Operating Officer in its first management shake-up as a publicly traded company. As of 11:36 a.m. EDT, the stock was down 6.6%.
Image source: Blue Apron.
The meal-kit provider said that Matthew Wadiak, a co-founder of the company, would be stepping down from the COO post and will transition to serving as a senior advisor. Also, Tim Smith was promoted to Senior Vice President and General Manager, Consumer Products.
Source: Fool.com