Over 1 Year Ago
1 Min Read

BYND dipping -5% today. Let's zoom in:

Shares of Beyond Meat Inc (BYND) are trading -5% lower at a price of $22.26 at the time of this writing. Shares of the stock are far behind other names in the space on what is turning out to be a glum day for the Consumer Staples sector.

  • Eat Well Investment Group Inc.'s (EWG) announcement of their intention to launch 10 new series of inverse single stock ETFs, most of which are focused on meme stocks such as MicroStrategy, Coinbase Global, GameStop Corporation, AMC Entertainment Holdings and Peloton Interactive. This news provides bears with an opportunity to short these stocks without fear of retribution from exchanges or regulators

Beyond Meat Inc has been trading between a 52-week high of $116.27 and a 52-week low of $20.5. The stock has a market cap of $1.42 Billion.

Beyond Meat, Inc. is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, bioengineered ingredients, hormones, antibiotics, or cholesterol. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet.


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