Why Beyond Meat Stock Is Plummeting Today
Beyond Meat (NASDAQ: BYND) stock is falling fast in Wednesday's trading. The company's share price was down 10.6% as of 3:20 p.m. ET despite the S&P 500 being up 0.7% at the same point in the day's trading. The stock had been off as much as 14.3% earlier in the session.
Beyond Meat posted its fourth-quarter results after the market closed yesterday, and the report didn't bring the signs of a turnaround that investors were hoping for. Sales and earnings for the period came in worse than anticipated, and the company's forward guidance was also disappointing.
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Source Fool.com
