Previous close | 7.05 |
Open | 6.91 |
Bid | 6.40 |
Ask | 7.05 |
Strike | 13.00 |
Expiry date | 2024-08-16 |
Day's range | 6.91 - 6.91 |
Contract range | N/A |
Volume | |
Open interest | 35 |
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
Beyond Meat reported higher-than-expected revenue in the first quarter despite lower demand for its plant-based meats in the U.S. and abroad. The El Segundo, California-based company said its revenue fell 18% to $75.6 million in the January-March period. U.S. retail and food service sales were both down 16%.
EL SEGUNDO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights1 Net revenues were $75.6 million, a decrease of 18.0% year-over-year.Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profit of $6.2 million, or gross margin of 6.7%, in the year-ago period.Loss from operatio