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APRN - Blue Apron: The Fever Dream Is Over But Maybe Not Forever
Blue Apron Holdings Inc. Class A
Shares of Blue Apron fell more than 25% after the company reported third-quarter results.
Despite beating Wall Street's expectations on the top and bottom line in Q3, Blue Apron's orders slowed down after peaking in Q2.
Investors also lamented the conclusion of Blue Apron's "strategic review." The stock had likely been propped up on hopes of a takeover.
While fundamentals have stabilized and Blue Apron has taken steps to shore up liquidity, the company has few growth catalysts to take it further beyond this point.