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Why Shares of Beyond Meat, DraftKings, and Allbirds Cratered This Week

Danny Vena, The Motley Fool
·4-min read
Why Shares of Beyond Meat, DraftKings, and Allbirds Cratered This Week

A broad cross-section of stocks slumped this week, as a decision by the Federal Reserve Bank brought the macroeconomic challenges front and center. Among the casualties, plant-based meat specialist Beyond Meat (NASDAQ: BYND) was off by as much as 20.1% this week, daily fantasy sports and online gambling leader DraftKings (NASDAQ: DKNG) was down as much as 16.7%, and sustainable footwear maker Allbirds (NASDAQ: BIRD) was down as much as 13.5%, according to data provided by S&P Global Market Intelligence. As of the close of the trading day on Thursday, the trio was still trading lower, down 16.7%, 16.2%, and 12.4%, respectively.

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