Previous close | 54.56 |
Open | 54.77 |
Bid | 55.20 |
Ask | 55.80 |
Strike | 80.00 |
Expiry date | 2022-05-20 |
Day's range | 54.71 - 56.30 |
Contract range | N/A |
Volume | |
Open interest | 6.42k |
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.
Impossible Foods CEO Peter McGuinness speaks with Yahoo Finance Live about expanding the plant-based food business into the UK, inflationary pressures, and potentially taking the company public at some point.
The plant-based meat specialist posted surprisingly weak demand in each of its last two earnings reports, and several signs were pointing to a tougher fiscal year ahead on both the sales and earnings fronts.