Blue Apron becomes a penny stock, trading under $1 for the first time (APRN)

Blue Apron shares fell below $1 for the first time on Tuesday.
The company's initial public offering priced at $10 in June 2017. 
Amazon bought Whole Foods just days before Blue Apron's IPO and then soon after announced it was entering the meal-kit space. 
Watch Blue Apron trade live.
Blue Apron became a penny stock Tuesday, falling below the $1 mark for the first time as a publicly traded company. Shares touched a low of $0.88 — down more than 90% from their $10 initial-public-o