Therefore, we are left with only one conclusion: renewed investor interest is the main reason for the rally. However, the company has not released any communication hence, we cannot say that an investment drove the latest rally.

Sanberg’s affiliates had already invested $1 million into the company. Maybe the company has received further investment from Mr Joseph Sanberg’s affiliates, who had committed to investing $56.5 million into the company.

Today’s rally has brought Blue Apron shares close to compliance territory, with its market capitalisation rising to $48.42 million, which is within earshot of the $50 million mark and its share price crossing above the $1.00 mark. Retail traders have been buying APRN shares, pushing them higher. Today’s rally can only be attributed to other factors apart from the company, which has not made any new announcements.īlue Apron shares have rallied higher, driven by positive investor sentiment and renewed investor interest in the company, like the meme stock rally of 2020. However, we have heard nothing official from the company regarding its compliance plan, which was supposed to be delivered to the NYSE by January 6, 2023. The firm had reassured investors that it would furnish the NYSE with a plan to regain compliance. The company had also fallen short of the NYSE’s listing requirements of maintaining a total stockholders' equity equal to or greater than $50 million. 800+ tradable assets are available for CFD trading in forex, shares, indices, commodities and cryptocurrencies.

Blue apron holdings inc stock