Why Blue Apron Shares Are Falling Thursday
Portfolio Pulse from Erica Kollmann
Blue Apron Holdings, Inc. (NASDAQ:APRN) shares are trading lower after the company announced a 1-for-12 reverse stock split. The split aims to regain compliance with NYSE's minimum share price requirement before the June 21, 2023 deadline.
June 08, 2023 | 4:45 pm
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Blue Apron shares are trading lower after announcing a 1-for-12 reverse stock split to regain compliance with NYSE's minimum share price requirement.
The reverse stock split announcement has led to a decline in Blue Apron's share price. Investors may be concerned about the company's ability to meet NYSE requirements and the potential dilution of their holdings. This news is directly related to the company's stock price and has a negative short-term impact.
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