Why Beyond Meat Fell by 11% Today Before Recovering
In a bearish atmosphere, stock investors can occasionally be oversensitive about fairly minor developments. That was the dynamic at play Monday with Beyond Meat (NASDAQ: BYND). The company's shares were driven down by over 11% in early trading on a fairly minor development with a rival.
Some obviously felt that reaction was overblown and later helped drive the stock back into positive territory, as it closed more than 1% higher on the day.
Image source: Getty Images.
Source Fool.com
