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 $9,619 were sold by Findley Linda on Feb 28. At $0.84 per share, Findley Linda sold 11,485 shares. The insider’s holdings dropped to 234,644 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Krechmer Irina sold 4,110 shares, netting a total of over 3,442 in proceeds. Following the sale of shares at $0.84 each, the insider now holds 56,516 shares.
Before that, Leitgeb Terri had sold 928 shares from its account. In a trade valued at $777, the Chief People Officer traded Blue Apron Holdings Inc. shares for $0.84 each. Upon closing the transaction, the insider’s holdings decreased to 928 shares, worth approximately $10900.26.
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 90.89% premium over Wednesday’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 Stock Performance
On Wednesday, Blue Apron Holdings Inc. [NYSE: APRN] plunged -3.59% to $0.82. The stock’s lowest price that day was $0.80, but it reached a high of $0.86 in the same session. During the last five days, there has been a drop of approximately -7.40%. Over the course of the year, Blue Apron Holdings Inc. shares have dropped approximately -0.71%. Shares of the company reached a 52-week high of $1.6000 on 02/06/23 and a 52-week low of $0.6830 on 01/09/23. A 50-day SMA is recorded $0.9618, while a 200-day SMA reached $2.6248. Nevertheless, trading volume fell to 1.1 million shares from 1.26 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 0.7961, which, if violated, would cause prices to drop to 0.7680. In the upper region, resistance lies at 0.8561. The next price resistance is at 0.8880. RSI (Relative Strength Index) is 40.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0517, which suggests the price will decrease in the coming days. Percent R is at 82.20%, indicating bearish price movement. Stochastics %K at holding 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 Jan 30, 2023 dropping by -1.03 million shares to 5.51 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 6.54 million shares. A decline of -18.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.47 of the overall float, the days-to-cover ratio (short ratio) decline to 0.47.
Which companies own the most shares of Blue Apron Holdings Inc. (APRN)?
According to INNOVIS ASSET MANAGEMENT LLC filings, the company currently owns 718,347 shares, which is about 1.82% of the total APRN shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $605,108. BlackRock Fund Advisors acquire a 65.35% interest valued at $0.54 million while Citadel Securities LLC purchased a 303,343 stake. A total of 382,442 shares of Blue Apron Holdings Inc. were bought by Wexford Capital LP during the quarter, and 374,695 by Divisadero Street Capital Managem. In its current portfolio, BMO Asset Management Corp. holds 332,700 shares valued at $0.34 million.
In terms of Blue Apron Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $4.00 in the next 12 months, up nearly 488.24% from the previous closing price of $0.85. Analysts anticipate Blue Apron Holdings Inc. stock to reach $5.00 by 2023, with the lowest price target being $2.00. In spite of this, 3 analysts ranked Blue Apron Holdings Inc. stock as an Overweight at the end of 2023. On November 15, 2018, Canaccord Genuity assigned a price target of “a Hold” to the stock and downgraded coverage with a $3.