Beyond Meat dropped 11% after its 1-for-30 reverse split and faces an August 31 Nasdaq compliance deadline; Oatly gained 41% in the past month.
Vital Farms fell 66% YTD while PBJ gained 8%, confirming Beyond Meat's sell-off is company-specific, not a broader sector-wide problem.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oatly didn't make the cut. Grab the names FREE today.
Beyond Meat (NASDAQ:BYND) shares are down 11% to $11.99 midday Monday, as the stock takes another leg lower in its first full week of trading on a split-adjusted basis. The slide follows the 1-for-30 reverse stock split that took effect after the close on August 13.
There is no fresh operating announcement from Beyond Meat driving today's move. The mechanics of the reverse split haven't changed the demand picture for the shares, and continued selling in the first sessions after a reverse split is a familiar pattern.
#shares
Vital Farms fell 66% YTD while PBJ gained 8%, confirming Beyond Meat's sell-off is company-specific, not a broader sector-wide problem.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oatly didn't make the cut. Grab the names FREE today.
Beyond Meat (NASDAQ:BYND) shares are down 11% to $11.99 midday Monday, as the stock takes another leg lower in its first full week of trading on a split-adjusted basis. The slide follows the 1-for-30 reverse stock split that took effect after the close on August 13.
There is no fresh operating announcement from Beyond Meat driving today's move. The mechanics of the reverse split haven't changed the demand picture for the shares, and continued selling in the first sessions after a reverse split is a familiar pattern.
#shares
2 months ago
