Where Will Blue Apron Holdings Inc (APRN) Stock Go Next After It Is Down 56.20% in a Week?

Wednesday, October 05, 2022 03:02 PM | InvestorsObserver Analysts

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Where Will Blue Apron Holdings Inc (APRN) Stock Go Next After It Is Down 56.20% in a Week?

Blue Apron Holdings Inc (APRN) stock is down 56.20% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Blue Apron Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on APRN!

See Full APRN Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With APRN Stock Today?

Blue Apron Holdings Inc (APRN) stock is trading at $2.72 as of 2:47 PM on Wednesday, Oct 5, a drop of -$0.28, or -9.33% from the previous closing price of $3.00. The stock has traded between $2.69 and $3.10 so far today. Volume today is 7,821,925 compared to average volume of 8,727,397.

More About Blue Apron Holdings Inc

Blue Apron Holdings Inc is a United States-based company involved in discovering new recipes, ingredients, and cooking techniques to prepare meals that are sent along with fresh, seasonal ingredients, directly to customers. The company offers its customers two flexible plans, 2 Serving Plan and 4 Serving Plan. Its recipes are accompanied by printed and digital content, including how-to-cook instructions and the stories of its suppliers and specialty ingredients. The company also sells wine, cooking tools, utensils, and pantry items. Click Here to get the full Stock Report for Blue Apron Holdings Inc stock.