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Business

Nimesh Jaiswal

Is Blue Apron Holdings a Buy Under $10?

APRN Blue Apron

Meal-kit service provider Blue Apron Holdings, Inc. (APRN) in New York City recently announced a strategic partnership with Panasonic (PCRFY) that will offer customers advanced cooking options. In addition, it announced plans for a Blue Apron Aspiration Zero Card, which offers its cardholders rewards. Also, the company has made itself available with Amazon Alexa.

Nevertheless, APRN’s losses widened in the third quarter. The stock has declined 2.1% in price over the past month and 6.6% over the past three months to close yesterday’s trading session at $7.50. In addition, it is currently trading 41.2% below its 52-week high of $12.76, which it hit on Dec. 7, 2021.

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