Category: Trucking News

Trucking News
11 Nov by Vitaliy Dadalyan

Is There a Buying Opportunity for Beyond Meat (BYND) Stock?

Beyond Meat (BYND) has had a beyond bad few weeks in the market, down by roughly 50% from its trading price at the start of October. The dump came following its Q3 report which was released just prior to the expiry of its lockup period – the moment when pre-IPO investors are permitted to finally sell their shares.Ironically, the horror show comes off the back of an earnings report which exceeded expectations. But it seems this wasn’t enough to reassure investors from stampeding to the exit doors, with several explanations in place for the selloff. Among those is the simple reason -- the stock price had shot up over 700% from its initial IPO price of $25, peaking at $239.71 in July. Even with the steep downturn, BNYD stock is still up 17% from its May 2 launch. Another concern is the new competition entering the market. Joining the animal meat...
Trucking News
11 Nov by Vitaliy Dadalyan

Is There a Buying Opportunity in Beyond Meat (BYND) Stock?

Beyond Meat (BYND) has had a beyond bad few weeks in the market, down by roughly 50% from its trading price at the start of October. The dump came following its Q3 report which was released just prior to the expiry of its lockup period – the moment when pre-IPO investors are permitted to finally sell their shares.Ironically, the horror show comes off the back of an earnings report which exceeded expectations. But it seems this wasn’t enough to reassure investors from stampeding to the exit doors, with several explanations in place for the selloff. Among those is the simple reason -- the stock price had shot up over 700% from its initial IPO price of $25, peaking at $239.71 in July. Even with the steep downturn, BNYD stock is still up 17% from its May 2 launch. Another concern is the new competition entering the market. Joining the animal meat...