Beyond Meat flies even higher, soaring above $200 as investors await earnings

Beyond Meat Inc. topped $200 Tuesday as the stock’s meteoric rise reached more than 700 per cent since its IPO in May.

Share rose as much as 6.6 per cent to US$207, a fresh record high. Investors are eagerly awaiting second-quarter earnings next week for further clues on demand for alternative meat products. JPMorgan analyst Ken Goldman, who downgraded the stock to neutral back in June, said an earnings beat is “more likely than the opposite,” recommending in a note last week that his clients own Beyond Meat “for a trade” in the near term.The stock’s rapid rise has spooked some bears, with short interest peaking in June, according to financial analytics firm S3 Partners. Short interest is now hovering around 44 per cent of float, down from 47 per cent last month, data show.

Beyond Meat has become “kind of a cult stock” that is now “impossible to play,” Cox said. However, he added the company’s lockup expiry in late October, or earlier, and a potentially secondary offering, may bring an opportunity to short it again. “Long term, it’s still a very good play to short it.”

So gross to even think about, let alone actually eat it!! Farmgirlatheart

Just not into beyondmeat 🤢

I hope they go broke

Gross

Vegetables are outrageously priced. Buy oats and take vitamin instead

Best thing that happened food wise in a long time.

Anyone every question why this has become so big? I have my thoughts? Just because it might be a 'good thing' doesn't mean there's not a hidden agenda? Don't live in fear but have a healthy questioning sceptesism.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Men eat raw squirrels in front of London vegan food marketTwo pro-meat protesters have been fined after they ate raw, fur-covered squirrels at a vegan food market in London, England, claiming to be raising awareness about the “dangers of not eating meat,” according to the senior crown prosecutor. Yeah but look at him. Let’s hope the squirrel has a disease that gives him buck teeth, a bushy tail sticking out his ass and starts nibbling on his own nuts. Rabies 🐿 just stupid.
Fuente: CTVNews - 🏆 1. / 99 Leer más »