In yesterday’s Wall Street session, Beyond Meat Inc (NASDAQ:BYND) shares traded at $3.41, down -6.58% from the previous session.
BYND stock price is now -36.49% away from the 50-day moving average and -47.41% away from the 200-day moving average. The market capitalization of the company currently stands at $222.34M.
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On November 13, 2023, Consumer Edge Research Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $5, while ‘Mizuho’ rates the stock as ‘Underperform’
In other news, Brown Ethan, President, Chief Exec. Officer sold 313,000 shares of the company’s stock on Dec 13 ’24. The stock was sold for $1,173,093 at an average price of $3.75. Upon completion of the transaction, the President, Chief Exec. Officer now directly owns 1,703,288 shares in the company, valued at $5.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, President, Chief Exec. Officer Brown Ethan sold 162,772 shares of the business’s stock. A total of $637,301 was realized by selling the stock at an average price of $3.92. This leaves the insider owning 1,524,032 shares of the company worth $5.2 million. A total of 6.31% of the company’s stock is owned by insiders.
During the past 12 months, Beyond Meat Inc has had a low of $3.55 and a high of $12.12. The fifty day moving average price for BYND is $5.431 and a two-hundred day moving average price translates $6.507 for the stock.
The latest earnings results from Beyond Meat Inc (NASDAQ: BYND) was released for 2024-09-28. The company reported revenue of $81.01 million for the quarter, compared to $75.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.56 percent.
