Why Beyond Meat's 7% Drop in Share Price Today Is Even Scarier Than It Looks
On Wednesday, for the fourth trading day in a row, shares of plant-based meat producer Beyond Meat (NASDAQ: BYND) declined. After falling nearly 13% in early trading, Beyond Meat shares closed today down more than 7%.
Since topping $140 a week ago, the shares have now lost more than 12% of their value. And that's even without any bad news for Beyond Meat during this past week. In fact, on Tuesday, two separate public-relations releases came out that should have boosted the stock.
Image source: Getty Images.
Source Fool.com