Beyond Meat Stock Has Passed Its "Sell By" Date. 2 Reasons You Should Get Out
Beyond Meat (NASDAQ: BYND) was a high-flying stock before and after the pandemic as consumers saw its plant-based meat as a healthy alternative to traditional meat products. Unfortunately for shareholders, the 2022 bear market wiped out most of the company's value as investors turned on money-losing stocks.
Consequently, Beyond Meat has fallen 97% from its all-time high. Two factors could continue a trend that looks increasingly like a death spiral.
Admittedly, the move to plant-based meat substitutes appeared promising. Consumers seemed to respond well to the product, and increasing numbers of restaurants offered products made by Beyond Meat and its chief competitor, Impossible Foods.
Source Fool.com
