© Reuters. Should you buy the dip in Beyond Meat?
Beyond Meat Inc . (NASDAQ 🙂 was the talk of Wall Street, but recently saw its stocks fall. While many consumers love the company’s products, is that enough to make the stock bounce back? Read on to find out. Beyond Meat Inc. (BYND) was priced at $ 192 on January 27. Today, the stock is trading at around $ 130. To make matters worse, BYND has steadily slipped over the previous three months with no end in sight.
It looks like BYND bulls have lost faith in this former Wall Street darling. Almost every time BYND has risen slightly in recent months, the selling pressure quickly kicked in, ultimately causing the stock to drop.
Where does BYND go from here? Is the stock a $ 130 buy? Let’s find out.
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