Skip to main content

Market Overview

Why Blue Apron's Stock Is Trading Higher Today

Share:
Why Blue Apron's Stock Is Trading Higher Today

Blue Apron Holdings (NYSE: APRN) shares are trading higher on Monday, after competitor HelloFresh reported first-quarter sales and EBITDA is above market expectations.

Blue Apron provides meal-kit delivery services and sends weekly boxes of pre-portioned ingredients and offers wines and gifts. HelloFresh is an international publicly traded meal-kit company based in Berlin, Germany.

Also this weekend, President Trump extended his social distancing guidelines to April 30, which would extend the period during which individuals shop from home rather than at their local grocery stores.

Related Link: 4 'Stay-At-Home' Stocks That Are Soaring Thanks To Social Distancing

Blue Apron gained notoriety in 2017 for its historically bad IPO, but the stock has been on fire as Americans start quarantining themselves.

Blue Apron's shares were up 12.7% to $11.94 at time of publication. The stock has a 52-week high of $28.84 and a 52-week low of $2.01.

 

Related Articles (APRN)

View Comments and Join the Discussion!

Posted-In: HelloFresh why it's movingNews Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com