In early Monday trades, Blue Apron shares plunged as low as $6.51, off more than 11 percent from Friday's close and almost 33 percent below their June 29 IPO price of $10 on the New York Stock Exchange.
Blue Apron holds the title as the largest meal-kit provider in the US, followed by German-based HelloFresh. The stock opened for trading at $10 per share on June 29. Just last week, the stock closed at a new low after an analyst slapped Blue Apron with a $2 price target, citing difficulty with the business ever becoming profitable.
While Blue Apron is perhaps the most extreme example, its plight highlights the unfortunate reality facing many companies in the retail industry: Amazon is coming, and there's nowhere to hide.
Any Amazon meal kits to come in the future will likely be sold through Amazon Fresh, the company's online grocery ordering and delivery service. Amazon already offers meal kits, such as one from Sequential Brands Group Inc.'s Martha Stewart brand.
Pretium Res Inc (PVG) — Trending Stock Buzzer
The stock of Pretium Resources Inc (NYSE:PVG) has "Speculative Buy" rating given on Thursday, October 22 by Canaccord Genuity. GAVRIELOV MOSHE sold $27,092 worth of stock. $21.38M worth of Alnylam Pharmaceuticals, Inc. (NASDAQ:XLNX) or 11,155 shares.
CET: 2nd round of seat allotment announced
As per the rules of the counseling and allotment , candidates were required to chooses and take ownership of the options provided. Candidates can also download the college wise and branch wise cut off details available online in.pdf format.
Wavedash Games Reveals Icons: Combat Arena at EVO
The official trailer for EVO Japan in 2018 has released, airing during the grand finals that was also broadcast on ESPN 2. Aptly named Wavedash Games showed off their new platform fighter Icons: Battle Arena at EVO earlier today.
PayPal partners Samsung Pay
Since Samsung's mobile payments service has MST and NFC support, it can work with nearly all card terminals in supported markets. Samsung Pay, the mobile payments service of the world's largest handset maker, was launched in India in March this year.