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Blue Apron (APRN) is catching a bid amidst the COVID-19 outbreak, a stark reversal for a business that has been on the rocks since its 2017 IPO. Revenue growth has deteriorated over the past several years as meal kits have failed to gain mainstream traction.
But, over the past two trading days, the stock is up nearly 200% as restaurants close and supermarkets shelves get cleaned out as the COVID-19 pandemic unfolds.
"With so many households practicing social distancing and remaining at home, getting fresh ingredients for at-home preparation