Have Investors Lost Their Appetite for Beyond Meat?
Beyond Meat (NASDAQ: BYND) has been cooking up great returns for investors over most of its time as a publicly traded company. The seller of plant-based protein products rose more than 130% since its initial public offering in May 2019 through June of this year. But over the past four months, the shares have been sliding. They've dropped more than 35%.
The company lost out on sales of its products to restaurants during the worst of the pandemic. That area has recovered. Still, troubles may not be over for Beyond Meat. Most recently, the company lowered its outlook for third-quarter net revenue. This is ahead of its full earnings report next month. As a result, the stock tumbled 10% in one trading session. Now the question is: Have investors lost their appetite for this once dynamic stock? Or is this movement temporary? Let's take a look.
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Source Fool.com