APRN is making big moves today. Find out why the stock is trading 19% higher in a down market

Blue Apron Holdings Inc (APRN) is trading 19% higher at $5.785 today. While it's a mildly red day for the Consumer Staples sector in general, the stock is rapidly outshining it's peers.

While the business is still generally in poor shape, the company has been trading higher recently on rumors of a short squeeze. The stock's float has 23% short interest as of the end of last month. It is vastly outperforming the market today in what is a rather glum day for equities, broadly.

Blue Apron Holdings Inc has been trading between a 52-week high of $12.76 and a 52-week low of $2.27. The stock has a market cap of $201 Million.

Blue Apron's vision is 'better living through better food.' Launched in 2012, Blue Apron offers fresh, chef-designed recipes that empower home cooks to embrace their culinary curiosity and challenge their abilities to see what a difference cooking quality food can make in their lives. Through its mission to spark discovery, connection and joy through cooking, Blue Apron continuously focuses on bringing incredible recipes to its customers, while minimizing its carbon footprint, reducing food waste, and promoting diversity and inclusion.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Narrow_Finding3352 - 1 upvotes - source
Invest or trade? Invest- do some research into blue chip companies that pay dividends. Trade- don’t take advice from people on WSB’s that will tell you to YOLO GME/AMC/BBBY/APRN/DTC/BBIG and “Diamond Hand” that shit. As many have said, this is not a team sport. Don’t rely on people that would push their own mother down the stairs for $10k to dump into meme stocks.

mnymike760 - 1 upvotes - source
Aprn 🚀