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Blue Apron Fell ~5% after Board Approved Reverse Stock Split

Rajiv Nanjapla
Blue Apron Fell ~5% after Board Approved Reverse Stock Split

After the announcement of the board’s approval for the reverse stock split, Blue Apron’s stock fell 4.9% in aftermarket trading hours on June 13. YTD, the company’s stock price has declined by 36.1%, underperforming the broader equity market.