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Stock impact report

Will Walmart’s Jet.com Save Blue Apron from Being Delisted? [The Motley Fool]

Blue Apron Holdings, Inc. (APRN) 
Last blue apron holdings, inc. earnings: 4/29 06:15 am Check Earnings Report
US:NYSE Investor Relations: investors.blueapron.com
Company Research Source: The Motley Fool
Blue Apron’s new partnership with Jet.com doesn’t equal a truce with Walmart. Meal kit maker Blue Apron ( NYSE:APRN ) went public at $10 per share last June. However, its decelerating growth, the rise of tough competitors, and a marketwide sell-off caused the stock to plunge to just above $1 per share in late October, sparking concerns that it could eventually be delisted. However, Blue Apron seemed to receive a stay of execution on Oct. 29 when it revealed a new distribution deal with Walmart 's ( NYSE:WMT ) e-commerce subsidiary Jet.com. Blue Apron says that Jet's City Grocery platform will be the first e-retailer to offer its meal kits, which will be delivered to millions of households across New York City, Jersey City, and Hoboken with same-day and next-day delivery options. Blue Apron will initially offer four types of two-person meals, which will cost between $16.99 and $22.99, along with a $5.95 scheduling fee per order. Image source: Blue Apron. B Show less Read more
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