Beyond Meat stock slides 6.69% to $0.83, underperforming market
Updated
Updated · MarketWatch · May 7
Beyond Meat stock slides 6.69% to $0.83, underperforming market
15 articles · Updated · MarketWatch · May 7
The drop came as the Nasdaq rose 1.71% and the Dow added 0.02%, extending Beyond Meat's losses to a second straight session.
Trading volume reached 77.3 million shares, above its 50-day average of 62.1 million, signalling continued heavy activity despite the broader market's gains.
The shares are now 89.17% below their 52-week high of $7.69 and follow Thursday's 14.15% decline to $0.89.
After an 88% stock collapse, can Beyond Meat's drastic new strategy save the company from delisting and total demise?
Is Beyond Meat's spectacular failure the final nail in the coffin for the entire plant-based meat industry?
Pivoting from burgers to health drinks, is this a brilliant survival move or a desperate last gasp for Beyond Meat?