Australia markets close in 5 hours 18 minutes
  • ALL ORDS

    6,910.60
    +17.00 (+0.25%)
     
  • ASX 200

    6,721.50
    +15.50 (+0.23%)
     
  • AUD/USD

    0.6922
    -0.0003 (-0.04%)
     
  • OIL

    110.50
    +0.93 (+0.85%)
     
  • GOLD

    1,825.00
    +0.20 (+0.01%)
     
  • BTC-AUD

    29,946.00
    -684.33 (-2.23%)
     
  • CMC Crypto 200

    451.07
    -10.73 (-2.32%)
     
  • AUD/EUR

    0.6546
    +0.0010 (+0.16%)
     
  • AUD/NZD

    1.0994
    +0.0011 (+0.10%)
     
  • NZX 50

    11,019.08
    +21.16 (+0.19%)
     
  • NASDAQ

    12,008.24
    -97.61 (-0.81%)
     
  • FTSE

    7,258.32
    +49.51 (+0.69%)
     
  • Dow Jones

    31,438.26
    -62.42 (-0.20%)
     
  • DAX

    13,186.07
    +67.94 (+0.52%)
     
  • Hang Seng

    22,229.52
    +510.46 (+2.35%)
     
  • NIKKEI 225

    26,923.80
    +52.53 (+0.20%)
     

Why Beyond Meat Stock Crashed and Burned This Week

·2-min read
Why Beyond Meat Stock Crashed and Burned This Week
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Beyond Meat (NASDAQ: BYND) was raked over the coals this week, plunging as much as 24.3%, pushing the stock to the lowest level since its initial public offering in mid-2019. The catalyst that sent the maker of plant-based meat substitutes cratering was a first-quarter financial report, released last week, that was far worse than investors anticipated. Things went from bad to worse, as its gross profit margin of 0.2% was far worse than the 30.2% recorded in the prior-year quarter.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting