Published on 14 Oct 2021 on Zacks via Yahoo Finance
Bear of the Day: Beyond Meat, Inc. (BYND)
Beyond Meat BYND stock skyrocketed during its first few months on the public markets back in the spring of 2019. It then tumbled back to earth and BYND has been on a wild up and down ride ever since, including a 20% decline in the past three months.
The plant-based meat firm has fallen well short of earnings estimates over the last year and BYND is projected to post an even larger adjusted loss in 2021.
Beyond Meat’s Pitch