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Why Blue Apron Holding Inc. Stock Lost 13% Last Month

TheMotleyFool

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Why Blue Apron Holding Inc. Stock Lost 13% Last Month

Shares of Blue Apron Holding (NYSE: APRN) were getting consigned to leftovers again in October, as the stock fell 13%, according to data from S&P Global Market Intelligence.

The struggling meal-kit provider slumped as it announced layoffs, and as investors anticipated a weak third-quarter earnings report and absorbed news of an IPO from rival Hello Fresh. The stock was volatile throughout the month but sold off sharply the last two days in October ahead of its Nov. 2 earnings report.