Blue apron ipo price5/10/2023 Here’s a table with a percentiles breakdown:įrom this, we can see that a negative initial performance has greater staying power than a positive performance when a stock goes up on the first day of trading it will still be up twelve weeks later in only 56.70% of cases whereas a stock going down on the first day will still be down twelve weeks later 73.18% of the time. In fact, based on our historical analysis, APRN is doing worse than 94% of companies in the dataset. Only 25% of stocks have done worse than -8.40% after two weeks of trading, making APRN’s performance unusually bad. We can use this information to see how Blue Apron’s IPO compares to its peers. If we look at the stocks in our dataset, we can see which percentage of them see any given percent change in price at any interval since the stock first began trading. APRN was down -24.50% in the first two weeks after their June 29th IPO. Typical IPO Returnsįirst, let’s try to put APRN’s performance in context. The latter date was chosen because it was twelve weeks from the date of this writing and therefore gave at least twelve weeks of historical performance for analysis. Using ’s python module, I downloaded historical price data for initial public offerings of companies between and. In this article, I will analyze trends in the price of companies in the weeks following their initial public offerings in order to forecast the near future of APRN. It’s an interesting question worth investigating. Perhaps as the Wall Street echo chamber moves on, Blue Apron’s price will rise. The company has become a favorite punching bag of many commentators since its poor debut, and I wondered if the constant negativity surrounding Blue Apron has served to drive their share price below what is reasonable. The company has been largely panned by investors due to its high customer-acquisition cost and heavy competition and has since fallen 34.1%, making it one of the worst IPOs of the year. Blue Apron opened trading at $10/share in one of the most anticipated IPOs of recent weeks.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |