Is Beyond Meat Stock Beyond Saving?
Beyond Meat (NASDAQ: BYND) was one of the hottest initial public offerings (IPOs) in 2019. Shares jumped over 100% on its first trading day in May of that year and rocketed up over 500% at one point that summer.
Investors wanted all they could handle of the plant-based meat craze, and Beyond Meat stock was able to give it to them. But in 2022, it started to tumble -- and fast -- after the company kept reporting deteriorating financial results. Shares of the stock are now down 70%, wiping out any gains (and more) for investors.
Beyond Meat has taken a major tumble since going public in 2019. Let's try to see if the stock is ready to make a comeback, or ready to head even lower.
Source Fool.com
