20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Blue Apron Holdings, Inc. (NYSE:APRN) shares are trading lower Wednesday. The stock appears to be pulling back after climbing nearly 27% over the last four sessions. Here's a look at what's going on.
What To Know:
Shares of APRN are down by more than 10% on Wednesday following gains of nearly 27% earlier in the week.
Blue Apron shares continue to draw the interest of retail investors due to the high short interest in APRN and its "meme stock" status. There is significant short interest in APRN with 26.86% of shares being sold short, according to data from Benzinga Pro. Retail investors helped to fuel a recent short-squeeze of Tupperware Brands Corporation (NYSE:TUP) shares which appeared to drive broader interest in the "meme stock" sector.
Blue Apron will report its second quarter financial results on Aug. 9 before markets open. The company is expected to report an estimated loss of $3.24 per share and revenue of $109.38 million, according to data from Benzinga Pro.
Related News: What's Going On With TRxADE Health Stock?
APRN Price Action: According to Benzinga Pro, shares of APRN are trading 10.2% lower at $5.72 at the time of publication.
Image: OpenIcons from Pixabay
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!