Stay at home stocks rise from Wall Street's coronavirus rubble [Reuters]
Blue Apron Holdings, Inc. (APRN)
Last blue apron holdings, inc. earnings: 4/29 06:15 am
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Source: Reuters
Stay at home stocks rise from Wall Street's coronavirus rubble SAN FRANCISCO (Reuters) - As coronavirus fears inflict havoc on Wall Street, a few stocks are thriving on expectations that millions of people will spend weeks or longer cooped up at home. Meal-kit delivery company Blue Apron Holdings ( APRN.N ) has been a major gainer from social distancing to avoid COVID-19, surging over 300% in the past five days, even after a 29% drop on Friday. Prior to its recent surge, it had fallen nearly 70% in 2020 due to growing competition and disappointing revenue. Zoom Video Communications ( ZM.O ) has jumped 24% this month as employees working from home hold meetings on the company’s video conferencing app. Domino’s Pizza ( DPZ.N ) has slipped almost 11% in March, faring better than the broader market’s 22% slump in that time. This week it said that franchise-owned locations in Chicago were trying to hire 1,000 people to meet a jump in demand. Just five companies in the S&P 500 .SPX re
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