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APRN - Blue Apron: Profit Taking Leaves Rally Empty-Handed
Blue Apron Holdings Inc. Class A
Blue Apron (APRN), the original DIY cook-at-home company, has been on a wild ride this year. After being left for dead by most investors and threatening to sink into penny stock territory, the coronavirus swooped in and - contrary to most other stocks in the market - saved Blue Apron. Lockdowns forced people who usually eat out or at the office to think about at-home meals, and Blue Apron offers one of the easiest ways (though certainly not the cheapest) to whip up a home-cooked meal.