BYND - What's Going On With Beyond Meat's Stock? | Benzinga
Beyond Meat, Inc. (NASDAQ:BYND) shares are trading higher Monday on above-average trading volume. Here's a look at what's going on.
What To Know:
Last Thursday, Beyond Meat announced the expansion of its Beyond IV product line with the roll out of its fourth generation Beyond Sausage at grocery stores nationwide. The Beyond IV product line features 75% less saturated fat and 20% less salt than traditional beef, according to the company.
Analyst Faizan Farooque sees a potential short-squeeze brewing in Beyond Meat shares as the company prioritizes its Beyond IV line and cuts its 2024 budget by $70 million as part of its SKU rationalization process.
The stock has fallen 25% year-to-date and ...