|Bid||0.00 x 800|
|Ask||173.50 x 1400|
|Day's Range||167.01 - 174.64|
|52 Week Range||45.00 - 201.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||115.67|
Beleaguered meal-kit company Blue Apron is popping on news of a collaboration with Wall Street darling, Beyond Meat. Yahoo Finance's Myles Udland, Brian Cheung, and Editor-at-Large Brian Sozzi discuss the stock's surge.
Blue Apron is soaring today, after the company announced it would be partnering with Beyond Meat, with the product available to customers beginning in August. Yahoo Finance's Zack Guzman and Heidi Chung are joined by Frederic Kerrest, Okta Co-Founder and COO, to discuss.
Overwhelmed by rising competition and falling sales, Blue Apron's stock has collapsed since its Wall Street debut in 2017. After Tuesday's rally, it was still down more than 90% from the price in its initial public offering. Blue Apron said its Signature Two-Serving Plan - a curated meal plan subscription - would include recipes using the Beyond Burger, a four-ounce patty with 20 grams of plant-based protein.
When a company debuts on the stock market for the first time, it can offer promise or peril. How can an investor tell if a hot IPO is worth jumping into?
Blue Apron meal kits will add Beyond Meat products. Blue Apron jumped. Beyond Meat, consolidating after its hot post-IPO run, rose on its latest partnership.
U.S. stocks were slightly lower Tuesday as investors begin to digest corporate earnings results. Over the coming weeks, we'll be hit with hundreds of reports, with banks mostly leading the charge on Tuesday. Let's get a look at a few top stock trades going into mid-week. Top Stock Trades for Tomorrow 1: J&J Click to EnlargeShares of Johnson & Johnson (NYSE:JNJ) are down just over 1% despite beating on earnings estimates. The price action over the last few days has been telling and leaves a roadmap for investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Penny Stocks That Have Fallen From Grace On Friday, shares took a dive, falling below the 200-day moving average. On Monday, the stock tried to rally but was stymied by the 200-day moving average. On Tuesday, JNJ stock broke below Friday's lows, but reclaimed them later in the session.That's a perfect little map for short-term investors. Above Tuesday's high and we can get a retest of the 200-day. Over the 200-day and perhaps J&J can work its way up to the 50-day. On a drop below Tuesday's post-earnings low, we could see a decline down to the key support area between $129 and $130. Top Stock Trades for Tomorrow 2: Wells Fargo Click to EnlargeWe're seeing some decent reaction to bank earnings, with JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) advancing on the day. However, Wells Fargo (NYSE:WFC) isn't one of them, falling more than 2.5%.The stock has been in a downtrend (blue line) for about a year now, while $48 is acting as resistance. $45 has buoyed the name over the last few months, but should it fail, the May/June lows at $44 are on deck. Below that and WFC is in trouble.North of $45.63 and perhaps WFC can gain some bullish momentum. Top Stock Trades for Tomorrow 3: Roku Click to EnlargeRoku (NASDAQ:ROKU) surged more than 8% at one point, as the stock went on to make new highs above $113.Earlier this month, we flagged this one for InvestorPlace readers and boy is it paying off. Shares bounced cleanly off the 50-day and quickly reclaimed the 20-day. As long as it holds $105 now, it looks good on the long side.It sounds crazy, but I wouldn't be surprised to see $120 to $125 on this one ahead of earnings -- assuming the market continues to trade well too. Top Stock Trades for Tomorrow 4: Uber Click to EnlargeUber (NYSE:UBER) looked like it was ready to go earlier today, rallying right up to $45 before falling back down.This stock continues to put in higher low after higher low and is maintaining above its 8-day and 21-day moving averages.It's either going to create an epic breakdown or breakout at this point. The key point to watch is the $45 IPO price. Either shares break over this point, running to $47 and potentially to $50+ if it can gain momentum, or it's going to stumble hard. Watch $45 like a hawk (but remember, everyone else is too). Top Stock Trades for Tomorrow 5: Blue Apron Click to EnlargeBlue Apron (NYSE:APRN) has had one of the worst post-IPO runs I've ever seen. Did you know, APRN hasn't ever closed above its IPO price?Ironically, Beyond Meat (NYSE:BYND) has had one of the best IPOs in recent memory, so it only makes sense that the two partner. The move is sending shares of APRN higher by more than 50% and shares eclipsed $13.50 at one point. It was a very strong move and it makes sense why.Blue Apron's IPO price was actually $10, but on the chart it will show up at $150 because the company already had to do a reverse stock split. In any regard, the stock's move above $10 is notable. In doing so, it reclaimed the 50-day moving average and, at least for now, is breaking out of its downtrend. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Bulls will now want to see $10 hold as support, while resistance may come into play near $14 to $15.60.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Top Stock Trades for Wednesday: JNJ, WFC, UBER, APRN, ROKU appeared first on InvestorPlace.
Shares of meal-kit company Blue Apron Inc. rallied Tuesday, after the company said it would start adding Beyond Meat Inc.’s plant-based proteins to its menus starting in August, sparking a round of short covering.
(Bloomberg) -- Blue Apron Holdings Inc. rallied the most since going public two years ago after announcing a tie-up with a hot brand: Beyond Meat Inc.The struggling meal-kit company will begin introducing products from the alternative-meat startup on its menus in August, New York-based Blue Apron said in a statement. The shares rose as much as 78% on Tuesday, their biggest intraday gain since the stock debuted in June 2017.The partnership may breathe some fresh life into Blue Apron, whose stock has plummeted more than 90% since its initial public offering turned out to be one of the worst-performing in recent history. Meanwhile, Beyond Meat shares have gained almost seven-fold since their May debut as faux meat has taken off across restaurant and fast-food chains. Beyond Meat extended those gains Tuesday, adding as much as 4.9%.Blue Apron’s struggles stem from the meal-kit industry’s challenges attracting and retaining customers. Although subscriptions were originally marketed to people who wanted to cook but didn’t know what or how, it was soon beset with complaints: The meals were too expensive, you had to plan ahead, and people felt guilty throwing away all the packaging required to keep ingredients fresh. The nascent meal-kit industry found luring and retaining customers required margin-eating discounts and often didn’t work.In a bid to reinvigorate growth, Blue Apron got inside brick and mortar retail, but Costco Wholesale Corp. ultimately dropped the meal-kit boxes to make space for seasonal products.Blue Apron and Beyond Meat are both popular targets for short sellers. Short interest accounts for about 28.5% of Blue Apron’s float and almost 45% of the Beyond Meat shares available for trading, according to data compiled by financial analytics firm S3 Partners.(Updates shares in first three paragraphs.)To contact the reporters on this story: Anne Riley Moffat in New York at firstname.lastname@example.org;Catherine Larkin in Chicago at email@example.comTo contact the editors responsible for this story: Courtney Dentch at firstname.lastname@example.org, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Struggling home-meal-delivery service Blue Apron soared nearly 20% on Tuesday after the company said it would start using Beyond Meat ingredients in August. But beware the Beyond Meat halo effect.
The partnership bolsters Blue Apron, whose stock dipped more than 90 percent since its 2017 initial public offering.
Blue Apron news for Tuesday about the company teaming up with Beyond Meat has APRN stock soaring.Source: Shutterstock Blue Apron (NYSE:APRN) says that it will now be featuring meal kits that include plant-based protein from Beyond Meat (NASDAQ:BYND). The company says that these kits are available for order now and will start showing up for customers in August.The Blue Apron news release notes that it will be offering Beyond Meat's products in its meal kits for its Signature Two-Serving Plan. The first of the company's recipes will include BYND's four-ounce Beyond Burger.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe first Beyond Meat offering from Blue Apron will be the "Caramelized Onion & Cheddar Beyond Burgers with Garlic Green Beans." This offering will be available for customers during the week of August 19.The second recipe that will include Beyond Meat products is the "Jalapeño & Goat Cheese Beyond Burgers with Corn on the Cob." This one will be available during the week of August 26."Our first two Blue Apron x Beyond Meat recipes were inspired by our most popular burgers, using the Beyond Burger as well as seasonings, sauces, and produce that put an interesting twist on this classic summer meal," John Adler, Vice President of Culinary at APRN, said in a Blue Apron news release. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The Blue Apron news release points out that these won't be the only two recipes available that include Beyond Meat's burgers. The company will also be introducing more recipe options in the future that make use of the Beyond Burger.APRN stock was up 67% and BYND stock was up 2% as of Tuesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading As of this writing, William White did not hold a position in any of the aforementioned securities.The post Blue Apron News: APRN Stock Skyrockets on Beyond Meat appeared first on InvestorPlace.
Among the most heavily relied-upon indicators in all of equity investing, moving averages serve to illustrate how a stock’s current price action compares to its prior behavior over a given time span. Moving averages appear alongside price charts and roughly trace the general trajectory of the stock’s share price, albeit without the moment-to-moment volatility.
Blue Apron Holdings Inc (NYSE: APRN) on Tuesday announced a partnership with plant-based foodmaker Beyond Meat Inc (NASDAQ: BYND). As part of the new partnership, Blue Apron customers can now order meal kits for delivery in August that will include Beyond Meat's plant-based proteins. The first meal kit will consist of caramelized onion and cheddar burgers with garlic green beans.
(Bloomberg Opinion) -- Another day, another sign Wall Street’s enthusiasm for Beyond Meat Inc. has gotten a little beyond reason.The plant-based burger company has surged 588% since its May IPO, as investors salivate over the growth prospects of a tiny company that is at the leading edge of some important dining trends. On Tuesday, a more troubled food-business disruptor got to bask in Beyond Meat’s glow: Blue Apron Holdings announced it would soon be adding recipes to its meal-kit boxes that feature the meatless burger. Investors sent shares of the meal-kit company up more than 40% on the news.To be clear, I think it’s a fine idea for Blue Apron and Beyond Meat to join forces. For Beyond Meat, this could encourage trial of its products by new diners who might go on to buy them at the grocery store. And Blue Apron should always be looking for ways to get more variety on its menus if it wants to keep subscribers from getting bored with its offerings.But let’s be honest: A burger isn’t going to solve Blue Apron’s existential problems. Namely, it isn’t going to change the fact that a subscription model doesn’t fit many consumers’ lifestyles. And it isn’t going to change the fact that some find cooking a hassle, particularly at a time when grocer’s prepared-food offerings and third-party delivery services are giving them compelling alternatives.What Blue Apron really needs is to figure out how to get its best customers to spend more money with it – which new CEO Linda Kozlowski has said is a key priority. For example, it is experimenting with on-demand delivery, an option that would make it easier for customers to buy its products without planning their meal schedules far in advance. These kinds of initiatives have a far better chance of moving the needle than some recipes featuring Beyond Meat. And that’s important, because whatever is on the menu, the path for Blue Apron to revenue growth isn’t getting any easier. The competitive set is evolving, with Amazon.com Inc., for example, beginning to add its meal kits to Whole Foods Market stores and making it easy to purchase them a la carte instead of via subscription.In other words, Blue Apron teaming with Beyond Meat shouldn’t be thought of as analogous to, for example, Burger King adding the plant-based Impossible Whopper to its menu nationwide, because Burger King isn’t contending with massive structural challenges to its business model. Just seeing the words “Beyond Meat” in a press release seems to get investors irrationally excited. They should be more clear-eyed about what difference its products can really make in Blue Apron's fight for survival.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Blue Apron shares rallied after the company added Beyond Meat to its menu, which investors hope will attract new customers.
Blue Apron Holdings Inc. shares jumped nearly 6% in Tuesday premarket trading after the meal-kit company announced seasonal recipes that will include plant-based proteins from Beyond Meat Inc. . Beyond Meat stock inched up 0.6%. Blue Apron x Beyond Meat recipes will become part of the two-serving plan starting in August, with the recipes available on the Blue Apron website and mobile app now. These first recipes will include the "meatier" Beyond Meat burger. Blue Apron stock has tumbled 50% in 2019 while the S&P 500 index has gained 20.2%.
LOS ANGELES, July 16, 2019 -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat”), a leader in plant-based meat, announced today it will report results for the second quarter.
Shares of meal-kit company Blue Apron post their best trading day in six months after announcing the company is partnering with meatless meat provider Beyond Meat.
Beleaguered investors in Blue Apron, the meal kit delivery service, saw new hope in the craze for alternatives to meat, sending the company’s shares up as much as 70 per cent on news that it will start to sell vegan burgers made by Beyond Meat. Blue Apron has been one of the worst performing initial public offerings of the past decade as subscriber numbers began dwindling shortly after its public market debut.
IBD Stock Of The Day: Fake-meat producer Beyond Meat is consolidating and working on a possible new buy point. That follows a 708% run from the May IPO price of 25.
The top two in PitchBook's second-quarter ranking aren't investors that most people would think of as the region's top startup backers.