Previous close | 1.4300 |
Open | 1.4300 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 10.00 |
Expiry date | 2025-01-17 |
Day's range | 1.4300 - 1.4300 |
Contract range | N/A |
Volume | |
Open interest | 10.7k |
Let's evaluate Beyond Meat's struggle for profitability amid likely reduced sales and substantial cost-cutting efforts.
Beyond Meat (NASDAQ: BYND) was a high-flying stock before and after the pandemic as consumers saw its plant-based meat as a healthy alternative to traditional meat products. Admittedly, the move to plant-based meat substitutes appeared promising. With that, the company launched its initial public offering (IPO) in May 2019, and Beyond Meat's share price quickly surged beyond the $25 per share IPO price to over $200.
Remember the hype around plant-based meat? Before the COVID-19 pandemic, investors were thrilled with the potential of alternative meat products. Beyond Meat (NASDAQ: BYND) was at the center of that craze when it went public in May 2019 at $25 per share before trading up to a peak of nearly $235 just a few months later.