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Blue Apron Falls Under $1 as Sell-Off Shows No Signs of Stopping

Recipe cards from a Blue Apron Holdings Inc. meal-kit.
Photographer: Daniel Acker/Bloomberg

Blue Apron Holdings Inc. extended its lengthy decline on Tuesday, with shares dropping below the psychologically important $1 level.

The stock dropped about 9 percent to 92 cents, the latest in a series of record lows for the at-home meal kit company. The stock is down by more than 75 percent since mid-July, and it has shed half its value since the end of August.