What's Going On With Blue Apron Stock?
Portfolio Pulse from Erica Kollmann
Blue Apron Holdings, Inc. (NYSE:APRN) shares are trading lower by more than 10% after climbing nearly 27% over the last four sessions. The stock continues to draw the interest of retail investors due to its high short interest and 'meme stock' status. The company is expected to report its Q2 financial results on Aug. 9, with an estimated loss of $3.24 per share and revenue of $109.38 million.
August 04, 2023 | 11:40 am
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NEGATIVE IMPACT
Blue Apron's stock is trading lower after a recent climb, likely due to profit-taking. The upcoming Q2 results could further impact the stock.
The recent drop in Blue Apron's stock price could be due to investors taking profits after the recent climb. The upcoming Q2 results, if not in line with expectations, could further pressure the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Tupperware Brands Corporation (TUP) was mentioned in relation to a recent short-squeeze driven by retail investors, which could have influenced interest in other 'meme stocks' like APRN.
TUP's recent short-squeeze, driven by retail investors, was mentioned in the context of the 'meme stock' phenomenon, which could have influenced investor interest in other stocks with high short interest, like APRN.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50