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Updated · MarketWatch · May 1Beyond Meat shares fall 3.60% and underperform market
16 articles · Updated · MarketWatch · May 1
- The stock closed at $0.95 on Friday as the Nasdaq rose 0.89% to 25,114.44 while the Dow Jones Industrial Average slipped 0.31% to 49,499.27.
- Beyond Meat ended 87.66% below its 52-week high of $7.69, reached on 22 October.
- Trading volume hit 112.6 million shares, well above its 50-day average of 57.0 million, indicating unusually heavy investor activity.
As its finances crumble, can plant-based pioneer Beyond Meat survive the industry's 'great reset' or is the company cooked? Consumers are rejecting 'ultra-processed' foods. Can plant-based meat fix its core taste and texture problems to finally win the mainstream?