APRN - Blue Apron races higher as investors give it the meme treatment

Blue Apron (APRN) is up 16.00% on heavy volume and trades at its highest level since May 5 when a profit miss sent the stock tumbling. While Seeking Alpha authors are Neutral on Blue Apron and the Seeking Alpha Quant Rating is Bearish, Blue Apron has done well on days in the past on which the Reddit meme trade was roaring. On that note, AMC Entertainment was just halted after rising more than 90% and Express, Bed Bath & Beyond and Build-A-Bear are all surging again on hot momentum.Short interest on Blue Apron is still elevated. Even with today's jump, Blue Apron is down about 50% from its 2021 high. See the advanced chart.

For further details see:

Blue Apron races higher as investors give it the meme treatment