Comment Reverse Stock Split Makes These Numbers Even Worse (Score 5, Informative) 158
From the summary - "Stock-market playing rubes, who bought in when Blue Apron went public at $11 a share, have lost more than 80% on their investment -- and that represents a recovery. Shares were trading for $3.60 at the close on Wednesday, up from 2018 when Blue Apron was worth less than a dollar."
This is actually much worse than it appears based on the numbers. The $3.60 share price is after a reverse stock split converting 15 shares to 1 share. So, that $11 a share IPO price is really worth 24 cents today, not $3.60, when you factor in the reverse split.
This is actually much worse than it appears based on the numbers. The $3.60 share price is after a reverse stock split converting 15 shares to 1 share. So, that $11 a share IPO price is really worth 24 cents today, not $3.60, when you factor in the reverse split.