Blue Apron Soars as Cities Curtail Restaurants, Shoppers Panic

(Bloomberg) — Blue Apron Holdings Inc.’s stock more than doubled this week as cities around the country are forcing restaurants to curtail operations and as panic-buying empties the shelves of the nation’s grocers.“With so many households practicing social distancing and remaining at home, getting fresh ingredients for at-home preparation holds appeal,” Bloomberg Intelligence senior analyst Jennifer Bartashus said.Shares of the meal kit delivery are up more than 50% for a second straight day, while Canadian peer Goodfood Market Corp. increased 44% over the two-day period. Food delivery services Waitr Holdings Inc.’s stock is up 141% since the start of the …read more

Source:: Yahoo Finance

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