Why Beyond Meat Stock Fell 24% in March
Shares of Beyond Meat (NASDAQ: BYND) were going from bad to worse last month as the struggling plant-based meat stock reacted to the broader market pullback and risk-off sentiment in response to the Iran war, and the company said it would miss its deadline to file its annual 10-K report.
In addition to serious problems in the business, investors now have to worry about accounting inconsistencies. By the end of the month, the stock was down 24%, according to data from S&P Global Market Intelligence.
As you can see from the chart below, the stock fell over most of the month before bouncing on the broad-market surge on March 31.
Source Fool.com
