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All the talk about getting people back to work sooner than expected is going to kill something all right. Especially people, what a greedy self centered president we have.
You raise a good point. This administration baffles me. In any case, I might watch it for 5 minutes when it opens. Could go a little lower, but I find it hard to believe this company will stop loading up sales based on Trumps speech. All of NYC will be a hot spot for weeks still. Hard to predict. Go with your gut.
All the talk about getting people back to work sooner than expected is going to kill these delivery runners IMO. The runs were insane but now back to reality. GL everyone.
* * $APRN Video Chart 03-23-2020 * *
Link to Video - click here to watch the technical chart video
What’s you entry point here? Or your predictions.
We have all seen how APRN can run a couple hundred percent up with ease and 100% in a day easy. I love this stock. I want shorts to die in a big way this week in APRN.
I just sold again. I'm playing this one day to day. Easy to make money so far in the last 5-7 days. It runs up a couple times a day which seems like the trend. Then falls back, buy time. There also seems to be an afternoon rise in the chart each day.
Do we see another run this week, like last week? Up to $25? What if grocery stores start running low or their replenishment deliveries...... wouldn't this have the likelihood to run much higher, if customer base, say, doubles?
UPDATE: Blue Apron is increasing capacity and hiring workers to meet coronavirus-related demand, stock soars more than 500%
10:16 am ET March 22, 2020 (MarketWatch)
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By Tonya Garcia, MarketWatch
Blue Apron says there have been no significant supply chain disruptions
Blue Apron Inc. says demand for its meal kits has soared, and it is taking steps to rise and meet the demand over the next couple of weeks.
Blue Apron's (APRN) stock has also soared, rising as much as an eye-popping 529%. Shares closed Thursday at $14.34.
Linda Findley Kozlowski, Blue Apron's chief executive, told MarketWatch in a statement that demand for Blue Apron meal kits has experienced a sharp increase over the past week.
"We are increasing our capacity for future orders and expect to fulfill this increased demand by the next available weekly cycle, starting on March 30," she said.
See:General Mills says its food supply chain is operating 'effectively' and guidance assumes that will continue (http://www.marketwatch.com/story/general-mills-says-its-food-supply-chain-is-operating-effectively-and-guidance-assumes-that-will-continue-2020-03-19)
Kozlowski said nothing in the statement sent to MarketWatch is "a prediction about current or future performance of the company as the situation remains very fluid and various matters could affect our ability to serve our customers."
However, the sudden coronavirus-related demand for the company's meal kits is an about-face from what it had been experiencing for some time. Shares retreated 29% on Friday, with Blue Apron stock is down 34% over the past year.
The S&P 500 index is down nearly 15% for the past 12 months.
Blue Apron reported a fourth-quarter revenue miss (http://www.marketwatch.com/story/blue-apron-eyes-strategic-alternatives-cost-cuts-after-missing-earnings-estimates-2020-02-18) last month and said it was exploring strategic alternatives.
The company is now looking to hire on a temporary and permanent basis in its Linden, N.J., and Richmond, Calif., fulfillment centers, and Kozlowski said the company is unaware of any supply chain disruptions.
Grocers and food companies have seen a spike in demand and traffic over the past week or so as people settle in at home and eat more homemade meals, part of an effort at social distancing to curb the spread of coronavirus.
Read:Walmart stock wins second upgrade of the week as customers flock to grocers amid coronavirus (http://www.marketwatch.com/story/walmart-stock-wins-second-upgrade-of-the-week-as-shoppers-flock-to-grocers-amid-coronavirus-2020-03-18)
According to a GlobalData coronavirus consumer impact study, 13.7% of consumers are eating out less. And consumers say they're stocking up on food items and other necessities at places like Walmart Inc. (WMT) , Kroger Co. (KR) and discount stores like Dollar General Inc. (DG) and Dollar Tree Inc. (DLTR)
Nielsen data shows that much of the food that shoppers are "pantry loading" are shelf-stable items like rice (sales up 57.5% for the one-week period ending March 7) and black beans (sales up 41% for that same period). Fruit and vegetable sales have declined, though Edible Arrangements, the fruit bouquet company that makes orders available for delivery, says its fresh produce box (https://www.ediblearrangements.com/fruit-gifts/fresh-produce-basket-6448?t=1584451151393&ArrangementGroupID=5) has been a hot seller.
As the coronavirus isolation wears on, Jim Hull, senior industry strategy director at digital-fulfillment platform Blue Yonder, thinks shoppers will become even more comfortable with online grocery, which has been slow to grow.
Hull also thinks people might start looking for more variety in their diets.
"[T]he longer this lasts, the less people will settle for frozen pizzas and reheated pasta -- bolstering the case for Blue Apron and similar," he said.
"[I]f the first orders come in with great quality vegetables and still-cool protein, they stand the chance of capturing a long-term customer instead of a short-term dabbler."
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 22, 2020 10:16 ET (14:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
could be imo... I think its expensive based on where it was and how bad they were doing financially but things have changed
how much , we dont know
APRN should break $25.00 next week IMO.
I have a relative in the guards and he says they are being prepared for a country shutdown 7 -30 days...if that happens would owning aprn be a good stock to own? tia
NEW YORK CITY: New York's Governor Andrew Cuomo will issue an order Sunday night telling all New Yorkers to stay at home. He said he is putting the state on "pause." What does that mean?
Most New Yorkers must stay at home, leaving only for:
Grocery shopping.
Getting medication.
Solitary exercise, such as running or hiking. This does not include group sports such as basketball.
Blue Apron Increases Capacity, Says Situation Remains Fluid During Pandemic
https://www.benzinga.com/news/20/03/15617563/blue-apron-increases-capacity-says-situation-remains-fluid-during-pandemic?utm_campaign=Watchlist&utm_source=Benzinga&utm_medium=Email
I think NYC is the next city to shut down
I was shorting a couple days ago...made a killing. I feel like I should have done it today, but all logic points that this should go up. Some good news about Blue Apron on many websites too.
Next week IMO APRN hits $25.00. NYC shut down now.
Shorts are having field day
This ran between up over $2 between 1:20pm and around 3:40pm yesterday
Shorts are playing like they did last time before a massive run above No one here in CA can get food unless we order more states should follow.
you mean low?
wake up!!!!!!!!!!!!!!
lol
APRN 10.69 HALTED}}}}}
Should be interesting to see what happens today:
https://seekingalpha.com/news/3553592-blue-apron-ceo-details-sharp-increase-in-demand
To get some grub!!!
APRN loading zone CA is the 5th largest economy in the world just shut down.
Chart was showing a major resistance there that could not be ignored after multiple green days and overbought indicators.
Shorts had it on a gold plate yesterday
* * $APRN Video Chart 03-19-2020 * *
Link to Video - click here to watch the technical chart video
I think today's price action in overall market shows people selling into rallies
people need to realize and take profits heres why===> https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154435105
APRN next AYTU?
should be as Blue Apron needs the cash!!!!!
AYTU just got almost $50M in about (1) week
thats incredible money, APRN, should have done a $100M offering @ $10 when the price was $28, that would give the company $100,000,000.oo US-DOLLARS (*while they had the chance*)
but also incredible dilution
Huge gains in this environment are being cashed in immediately
good call balamidas
watch for resistance around 25 range !
just hit 10.87 early
SHORTS made a ton~!
wow they took this down with no bad news or offering
those sellers have amazing power
APRN
Maybe they ran out of food to deliver. Or all their drivers quit.
I had a funny feeling. Glad I took today off
Wow
Acting like scam
Hope you guys sold in the high 20s. This was bound fall back to earth. Hoping it goes lower to buy again around 10-12.
I made a ton on APRN yesterday. I feel like this is bound to come back to earth. I cant get myself to buy right this second.
nah, if u made money, you made money, remember, APRN reverse split last year I think so people need to keep that in mind, an offering here would probably prompt a lot of selling
watch for resistance around 25 range !
yep I agree, this is in runaway train mode
the only thing that could really derail it now is a much-needed offering
I have no position and missed out on substantial profits thinking they would have one out this morning
I was wrong and paid for it
but if I was right
I would have dodged a bullet
id rather be the one with less profits, than the one with more loses
and thats how I trade
to each his own
KR WMT TGT SFM GO HRL CAG KHC AMZN
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