Blue apron stock price was steady at $13

Blue Apron stock price was steady at $13.09, reflecting cautious market tone ahead of inflation data release. Food industry peers moved similarly, hinting at macro-linked trading patterns dominating sentiment. After a first-day pop, the stock may fall. While the first-day pops of many IPOs are legendary, that doesn’t mean that the future works out as merrily. Consider that some of the highest-flying IPOs of recent times have lost their luster with Wall Street investors after an initial honeymoon. "At home meals play a key role in this vision," Wonder CEO Marc Lore said on Friday . "When the opportunity presented itself to unite with Blue Apron, pioneers in the meal kit industry, we knew it would accelerate our strategic position." Institutional activity remained steady, and short interest eased, suggesting less aggressive bearish positioning in the consumer staples niche.