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Why Blue Apron Stock Exploded Higher on Tuesday

Shares of Blue Apron Holdings (NYSE: APRN) charged sharply higher Tuesday, gaining as much as 39%. The catalyst that sent the meal kit company higher was a rally that appears to have sent short sellers running for cover. A check of all the usual sources, including regulatory filings, press releases, and more, found no company-specific information that would explain the unusual move higher today by Blue Apron.