Why Beyond Meat Fell Nearly 6% on Monday
Beyond Meat (NASDAQ: BYND) traded down 5.8% on Monday. There didn't seem to be a direct catalyst for this; perhaps it's the realization that the stock's valuations are very high, while potential rivals are breathing down the company's neck.
Last Thursday, tech titan Bill Gates was interviewed by Yahoo! Finance on climate change. In the interview, he effectively pegged Beyond Meat as one of the leading companies involved in efforts to create a greener world.