Beyond Meat: Don’t Mess With Vegetarians!
2022.09.21 03:40
After a face-ripping spike to its all time high of 239.71 three months after its IPO in May of 2019, Beyond Meat (NASDAQ:) has done an about-face ever since…falling well below its IPO price of 46.00 to 16.45 (as I write this early Tuesday afternoon), as shown on the following monthly chart…and around a 90% drop from its high.
It looks like people still like real meat…instead of plant-based meat…even during the current period of 40-year high inflation.
Until that changes, we may see price eventually reach zero.
BYND Monthly Chart
And, from the following report, it looks like it’s not just its price that’s been a face-ripper.
I don’t imagine this recent incident involving their COO will help their sales very much.
Source: ZeroHedge
