Why Beyond Meat Stock Dropped 28% in May
Shares of Beyond Meat (NASDAQ: BYND), a leading maker of plant-based meat substitutes, fell 28.3% in May, according to data from S&P Global Market Intelligence.
While the company turned in a weak first-quarter report mid-month, the stock was already down considerably in May before that event. The stock has been moving lower for some time, driven primarily by a string of disappointing quarterly results.
For context, in May, the S&P 500 index was barely in the green with a 0.2% return, while the tech-heavy Nasdaq Composite edged down 2%.
Source Fool.com
