6.36 -0.02 (-0.31%)
After hours: 4:20PM EDT
|Bid||6.36 x 800|
|Ask||6.39 x 1300|
|Day's Range||6.25 - 6.77|
|52 Week Range||6.25 - 62.25|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.25|
Blue Apron Holdings Inc.'s stock was trading at $8.92 in morning trade, up 8.1% above its new split-adjusted price. On Friday, the stock closed at 55 cents, or at $8.25 after a 1-for-15 reverse stock split took effect on Monday. The meal kit delivery company said on Friday that it was enacting the reverse split in an effort to regain full compliance with NYSE listing standards and to improve the marketability and liquidity of the Class A common shares. The company said the move reduces the number of Class A shares outstanding to 6.7 million from 99.9 million. As of Friday, the stock had fallen 46% year to date to closed a record low, while the S&P 500 had gained 15%.
One of the worst-performing high-profile IPOs of the past decade made fresh lows on Friday after the company approved a 15-to-1 reverse stock split to maintain its NYSE listing. Blue Apron Holdings Inc (NYSE: APRN) shares dropped 15.6 percent to 55 cents per share on Friday. Here’s everything investors need to know about the reverse split, why it is happening and what it means for the company. Why The Sell-Off? In theory, neither stock splits nor reverse stock splits directly impact the market valuation of a company.
First there were restaurant-food delivery services like Grubhub. Then there were meal-kit services like Blue Apron. Now Walmart is loading up your refrigerator. Where is all this leading?
was canceled, and days later again after Bass Pro Shops announced it was ending it's marketing agreement with the company, should get a boost Friday, following pre-market announcement of a settlement with Bass Pro. BXG will not only be able to sell out of Bass Pro locations, it will also be able to do so from 75 Cabela's location (Bass Pro acquired Cabela's in 2017). Part of the agreement requires BXG to pay Bass Pro $20 million now, plus $5 million a year from 2020 and 2024, but this may put BXG back in the game.
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.
(Bloomberg) -- Blue Apron Holdings Inc. sank as much as 16% in extended trading after reporting a 1-for-15 reverse stock split to regain compliance with New York Stock Exchange listing rules.
Shares of Blue Apron Holdings Inc. fell 11% in the extended session Thursday after the meal-kit provider said its board approved its reverse stock split of class A and class B shares at a ratio of 1 for 15. The split is expected to be effective after market close Friday, and Blue Apron's class A common stock will begin trading on a split-adjusted basis on the New York Stock Exchange on June 17. Blue Apron had said last month it was pursuing the split, with the main goal of increasing the price of the company's common stock and to improve liquidity. Blue Apron shares ended the regular trading day up 1.4%. The stock has lost 36% this year, contrasting with gains of 15% and 12% for the S&P 500 index and the Dow Jones Industrial Average .
Blue Apron Holdings, Inc. (APRN) today announced that its Board of Directors approved a reverse stock split of the Company’s Class A common stock and Class B common stock at a ratio of 1-for-15. Earlier on June 13, 2019, at the Company’s annual meeting of stockholders, the Company’s stockholders approved a reverse stock split of the Company’s Class A common stock and Class B common stock at a split ratio of between 1-for-5 and 1-for-15.
Blue Apron Holdings, Inc. (APRN) today announced the appointment of Irina Krechmer as Chief Technology Officer, with an expected start date of June 17. Krechmer brings over 20 years of experience designing, developing and implementing customer-focused technology solutions, primarily at e-commerce, media and consumer technology companies.
As Beyond Meat captivates Wall Street, the company is bringing more attention to healthy eating alternatives like Purple Carrot.
Sun Basket employs 1,700 workers across its corporate office and three distribution facilities. It is one of the most quickly growing companies in a fledgling industry: meal kits.
The meal-kit provider struggling with a rock-bottom share price has said it wants shareholders to vote on a reverse stock split. What does that mean and what’s the risk?
is planning to undertake a reverse stock split is just the latest indicator of trouble for the stock. Of course, such a move also reduces shares outstanding, so shareholders would theoretically end up with the same economic value of shares held previously. Blue Apron went public less than two years ago at $10 a share, hit $11 briefly, but it's been downhill ever since.
Purple Carrot, a U.S. plant-based meal kit company, said it will be acquired by Tokyo-based Oisix ra daichi Inc. in a deal valued at $30 million. Deal terms include an upfront payment of $12.8 million and an earn-out potential for $17.2 million through 2021. Purple Carrot is among the slew of meal-kit companies that have launched in recent years including Blue Apron Inc. and HelloFresh SE . Osisix was founded in June 2000 and generated about $580 million in revenue for the year ending March 2019, up 160% from the previous year. Purple Carrot launched in October 2014. The Invesco Dynamic Food & Beverage ETF has gained nearly 13% for the year to date, while the S&P 500 index is up 14% for the period.
Meal kit spending among consumers was growing three times as fast as that in restaurants and grocery stores back in 2015. Now, however, there are just a few meal kit companies left standing.
Sun Basket, a provider of a healthy meal kit delivery service, has raisedanother $30 million in venture capital funding
Blue Apron said on Monday it is pursuing plans for a reverse stock split. So what is a reverse stock split and why did its shares fall?
Yahoo Finance's Andy Serwer breaks down how building startups could be the new version of the "American Dream." He discusses with Julie Hyman, Adam Shapiro, and Brian Sozzi.