Blue Apron is trading down 7% in the pre-market, down over 30% from its IPO-day highs and down 25% from the IPO/Open price… in 10 days. Today’s decline, following SNAP’s crash yesterday, seems catalyzed by the first analyst rating since the IPO.. at $2!
As Bloomberg reports, the stock got its first analyst rating since the June 28 IPO; the company’s business model has severe cost challenges and intensifying competition,:
This post was published at Zero Hedge on Jul 11, 2017.
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