Blue Apron hits new low after earnings, down more than 60% from IPO price

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Blue Apron Holdings Inc.












APRN, -17.93%










shares hit their lowest price since the company’s June initial public offering Thursday, after releasing an earnings report that trimmed estimates for the full year. Blue Apron stock hit an all-time low of $3.76 in Thursday trading, more than 62% lower than the IPO price of $10 and more than 19% lower than Wednesday’s closing price. Blue Apron stock originally gained in premarket trading after the company’s third-quarter revenue topped expectations, but after the company said it would lose more money than previously forecast, shares slid to double-digit percentage losses.

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