Blue Apron was (almost) dead. Long live Blue Apron?

Blue Apron has found an unexpected boon in a society where nobody can leave home.

The meal delivery company’s stock closed Wednesday up 148%, at $16.25 per share, capping a six-day stretch in which it has soared more than 600%. It's a sharp turn of events from last June, when the company was forced to conduct a 1-for-15 reverse stock split to remain listed on the NYSE.

Even after the remarkable surge, though, the formerly VC-backed company's market cap remains nearly 90% below its peak private valuation of $2 billion. Last month, Blue Apron floated the possibility of a sale, merger or capital raise.

The New York-based company hasn’t publicly notified investors about any expected benefit from mandatory stay-at-home policies in several US cities, but it did put out a call for hiring in its California and New Jersey production facilities.

Related read: The meteoric rise and ongoing demise of Blue Apron

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