Why Blue Apron Stock Jumped 9% on Thursday
Blue Apron (NYSE: APRN) shareholders beat the market on Thursday as shares soared higher by over 20% at 12 p.m. ET. The stock settled down to a roughly 9% gain by 3 p.m. ET but was still tracking well ahead of the broader market's 0.7% increase.
The home-meal specialist set the timing for its fiscal-fourth-quarter earnings report. The stock likely benefited, as well, from increased demand on Wall Street for growth stocks that have fallen far from all-time highs in recent weeks.
Image source: Getty Images.
Source Fool.com
