Beyond Meat Stock Plummets as IPO Lock-Up Period Ends
Beyond Meat (NASDAQ: BYND) delivered solid third-quarter results after the market closed on Monday. Yet on Tuesday, shares of the plant-based food purveyor plunged.
The likely reason? Beyond Meat's initial public offering lock-up period ended today, and many insiders appear to be using the opportunity to unload their shares.
After surging earlier in 2019, Beyond Meat's stock has fallen sharply in recent weeks. Image source: Getty Images.
Source Fool.com