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.
Capita Plc (NASDAQ:CTAGY) Upgraded at HSBC Holdings plc
Finally, Two Sigma Securities LLC acquired a new position in shares of HSBC Holdings PLC during the first quarter worth $265,000. The value of the total investment in HSBC Holdings, plc. went from $6,000 to $49,000 a change of $43,000 quarter over quarter.
Allu Arjun joins NPS music sessions
Writer Vakkantham Vamsi, known for Kick and Temper , will direct the film which is said to be high on action and emotion. Apart from Arjun and Emmanuel, actors Arjun Sarja and Sarath Kumar will also portray pivotal roles in the film.
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.
Shastri named India's coach
Jason Gillespie has revealed he came close to putting his name forward to be India's head coach. I don't like to work with people who I don't know. "A head coach should have a comfort level".
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.