Is Blue Apron (APRN) a 'risk-on' stock?

After the stock market fell on Friday, the selling is bleeding over to Monday as all of the major U.S. indices push lower. Notably though, shares of Blue Apron (NYSE: APRN) are roaring higher, with APRN stock up more than 26%. The feat is even more impressive given the fact “risk-on” meme stocks are bein g punished.

What is ‘stock’?

‘Stock’ is the term that is used to describe a share in the ownership of a company. Each share is worth a certain amount based on the overall worth of the company. When you buy shares of a certain company, it essentially represents your ownership of a small portion of a public corporation.

Will APRN stock continue on a downward trajectory?

Furthermore, despite its short-squeeze potential, some big-money traders seemingly expect APRN stock to continue on its downward trajectory. Headquartered in New York, Blue Apron is known for delivering meals and meal kits to people’s doorsteps. This business model probably made perfect sense in 2020 during the onset of the Covid-19 lockdowns.