The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blue Apron Holdings Inc. shares valued at $8,514 were sold by Greben Randy J on Aug 26. At $5.97 per share, Greben Randy J sold 1,426 shares. The insider’s holdings dropped to 13,611 shares worth approximately $58663.409999999996 following the completion of this transaction.
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Also, Leitgeb Terri sold 758 shares, netting a total of over 4,526 in proceeds. Following the sale of shares at $5.97 each, the insider now holds 9,651 shares.
Before that, Findley Linda had sold 9,915 shares from its account. In a trade valued at $59,198, the President and CEO traded Blue Apron Holdings Inc. shares for $5.97 each. Upon closing the transaction, the insider’s holdings decreased to 9,915 shares, worth approximately $0.9 million.
As published in their initiating research note from Lake Street on August 10, 2022, Blue Apron Holdings Inc. [APRN] has been a Buy and the price target has been revised to $9. This represents a 52.11% premium over Thursday’s closing price. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of July 30, 2020, Canaccord Genuity has increased its “Hold” rating to a “Buy” for APRN. Earlier on November 15, 2018, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for APRN stock which previously was a “a Buy”.
Analyzing APRN’s Price Performance
On Thursday, Blue Apron Holdings Inc. [NYSE: APRN] plunged -3.58% to $4.31. The stock’s lowest price that day was $4.28, but it reached a high of $4.67 in the same session. During the last five days, there has been a drop of approximately -24.12%. Over the course of the year, Blue Apron Holdings Inc. shares have dropped approximately -35.96%. Shares of the company reached a 52-week high of $9.21 on 01/20/22 and a 52-week low of $2.27 on 06/13/22. A 50-day SMA is recorded $4.64, while a 200-day SMA reached $4.98. Nevertheless, trading volume fell to 2.61 million shares from 4.0 million shares the previous day.
Support And Resistance Levels for Blue Apron Holdings Inc. (APRN)
According to the 24-hour chart, there is a support level at 4.17, which, if violated, would cause prices to drop to 4.03. In the upper region, resistance lies at 4.56. The next price resistance is at 4.81. RSI (Relative Strength Index) is 40.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 99.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Blue Apron Holdings Inc. subject to short interest?
Stocks of Blue Apron Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.78 million shares to 4.11 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.89 million shares. A decline of -18.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.35 of the overall float, the days-to-cover ratio (short ratio) decline to 1.35.
Which companies own the most shares of Blue Apron Holdings Inc. (APRN)?
According to Wolf Hill Capital Management LP filings, the company currently owns 1,166,004 shares, which is about 3.35% of the total APRN shares outstanding. The investor’s shares have plunged by -1,091,455 from its previous 13-F filing of 2257459.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $5,215,933. Wexford Capital LP acquire a 14.15% interest valued at $3.56 million while Ardsley Advisory Partners LP purchased a 279,000 stake. A total of 13,307 shares of Blue Apron Holdings Inc. were bought by River & Mercantile Asset Manageme during the quarter, and 331,000 were bought by Bridgeway Capital Management LLC. In its current portfolio, BlackRock Fund Advisors holds 323,448 shares valued at $1.88 million.
In terms of Blue Apron Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $9.25 in the next 12 months, up nearly 112.53% from the previous closing price of $4.47. Analysts anticipate Blue Apron Holdings Inc. stock to reach $10.00 by 2022, with the lowest price target being $8.00. In spite of this, 3 analysts ranked Blue Apron Holdings Inc. stock as a Buy at the end of 2022. On November 15, 2018, Canaccord Genuity assigned a price target of “a Hold” to the stock and downgraded coverage with a $3.