Today, Blue Apron is seeing a bunch of red on the screen with APRN stock. The company just made a reverse split announcement.
Any time a company issues a reverse split, that’s a signal to the market that all is not well. Most exchanges have mandatory stock price minimums that companies are required to maintain to keep their listing. If shares stay below the $1 level, for example, many firms face the prospect of having their stock delisted.
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