Blue Apron News: APRN Stock Soars on Upbeat Guidance

Karl Utermohlen

Tue, Jan 15, 2019, 2:23 PM

In the latest Blue Apron news (NYSE:APRN), the company’s stock has been surging on Tuesday following an update regarding its projected guidance for its fiscal 2019.

The meal-kit service provider announced that it believes that it will be profitable in the fiscal year. The news was a welcome boon to APRN stock, which had fallen below a price of $1 per share recently, selling at 65 cents per share at one point–the stock may have been in trouble of being delisted from the New York Stock Exchange if it remained under $1 a share for 30 days.

However, Blue Apron shares climbed back to above $1 per share, trading for about $1.40 per share at the moment, as the company said that when it reports its earnings on Jan. 31, it plans on unveiling figures that are on track with its goal of being profitable during the first quarter of its fiscal 2019 and during the full year.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The meal-kit service provider’s recent troubles that caused its share price to declined were countered by the company with several healthy partnerships, including one with Weight Watchers, which lead to a “favorable consumer response” from the partnership, Blue Apron added.

However, it remains to be seen if this surge is to last for the company as more meal-kit services keep popping up, diluting the market for Blue Apron.

APRN stock is surging a whopping 34.6% on Tuesday following the company’s encouraging guidance for its fiscal 2019.

More From InvestorPlace

Compare Brokers

The post Blue Apron News: APRN Stock Soars on Upbeat Guidance appeared first on InvestorPlace.

Homes are overvalued in much of the U.S. — with these 5 states leading the list
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
MarketWatch
Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
Benzinga
The $1.7 Billion News That Sent Plug Power Stock Surging: Here's What You Need to Know Before Buying
More cash will solve some problems, but maybe not the ones that need to be solved.
Motley Fool
'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
Benzinga
My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”
MarketWatch
Is There Actually an RMD Cut-Off Age?
Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.
SmartAsset
JPMorgan's trading desk lays out 6 scenarios for tomorrow's inflation report, and how the stock market will react to each of them
The S&P 500 could soar nearly 3% to record highs or experience a deep plunge depending on where tomorrow's CPI inflation report falls, JPMorgan says.
Business Insider
Billionaire Bill Gates Has 67% of His $42 Billion Portfolio in These 3 Stocks
The billionaire investor has made sage investment decisions to safeguard his portfolio from economic uncertainties.
Motley Fool
Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%
The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
Investor's Business Daily
'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says
The next recession has likely been postponed by the trillions of dollars of stimulus spent during the pandemic, one Wall Street vet says.
Business Insider

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Blue Apron News: APRN Stock Soars on Upbeat Guidance

More From InvestorPlace

Recommended Stories

Homes are overvalued in much of the U.S. — with these 5 states leading the list

Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion

The $1.7 Billion News That Sent Plug Power Stock Surging: Here's What You Need to Know Before Buying

'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts

My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?

Is There Actually an RMD Cut-Off Age?

JPMorgan's trading desk lays out 6 scenarios for tomorrow's inflation report, and how the stock market will react to each of them

Billionaire Bill Gates Has 67% of His $42 Billion Portfolio in These 3 Stocks

Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%

'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says