Blue Apron Extends 1,100% Surge to Highest Level Since 2018

(Bloomberg) — Blue Apron Holdings Inc. shares extended a record four-day surge that has seen the stock jump more than 1,100% this week alone.The meal-kit delivery company opened above $25 a share for the first time since the fall of 2018, as investors flock for safety from the coronavirus-driven rout. The optimism comes as Americans prepare for a potential “shelter-in-place” order that would restrict their ability to leave their homes.The shares spiked as much as 77% on Thursday, trading at the highest level since September 2018, before trimming those gains and triggering a volatility pause. The latest move comes as …read more

Source:: Yahoo Finance

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