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Blue Apron Is Now a Penny Stock and It’s a Cautionary Tale for Next Year’s IPO Market

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Blue Apron is now a penny stock ... and a cautionary tale for next year's IPO market (via BarronsOnline)

 

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Blue Apron shares skyrocket after company says it will be profitable in 2019Shares of Blue Apron jumped after the company announced that it plans to reaffirm its ability to be profitable in 2019. Shares of meal-kit service Blue Apron soared 28% Tuesday, after the company said it believes it will be profitable in 2019. I suppose if you don’t put it into the context of the overall stock price. 30% spike looks huge.
Source: CNBC - 🏆 12. / 72 Read more »