Beyond Meat stock climbs 13.22% and outperforms market
Updated
Updated · MarketWatch · May 6
Beyond Meat stock climbs 13.22% and outperforms market
14 articles · Updated · MarketWatch · May 6
Shares closed at $1.04 on Wednesday, while the Nasdaq rose 2.02% to 25,838.94 and the Dow gained 1.24% to 49,910.59.
The advance ended a three-day losing streak and came on heavy trading, with volume reaching 98.1 million shares versus a 50-day average of 59.4 million.
Even after the jump, Beyond Meat remained 86.48% below its 52-week high of $7.69 reached on 22 October, underscoring the stock's steep longer-term decline.
As Beyond Meat abandons its 'growth at all costs' model, is the plant-based meat revolution officially over?
After a 13% overnight plunge, can a new avocado oil burger win back both consumers and wary investors?
Can a pivot to wellness drinks save Beyond Meat, or is its 'fake meat' identity an inescapable trap?