Beyond Meat's CEO isn't selling any of his shares anytime soon — and thinks the company could grow to be worth $40 billion

Beyond Meat CEO Ethan Brown told Bloomberg news that he's focused on the long term and isn't selling his shares anytime soon after their recent sell-off. The stock rose as much as 8% Wednesday, following a 24% single-day plunge spurred by the expiration of the company's post-initial public offering lockup period. Investors concerns that increased competition will constrict Beyond's future growth have also depressed shares.

Beyond Meat CEO Ethan Brown told Bloomberg news that he's focused on the long term and isn't selling his shares anytime soon after their recent sell-off. The stock rose as much as 8% Wednesday, following a 24% single-day plunge spurred by the expiration of the company's post-initial public offering lockup period. Investors concerns that increased competition will constrict Beyond's future growth have also depressed shares.

Ipo maxout July 26, 2019 at 239. Now 90.

Time to get a new CEO

fad

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CEO defends Beyond Meat as shares tank: 'My focus is entirely on growing this business''People have asked me, 'Do you want to do a partnership with a larger company?' I have no interest in that. I want to be that larger company,' Beyond Meat's Ethan Brown says. Could be that the product just tastes like dogshit How many shares is he selling today? Here to invest 😉
Source: CNBC - 🏆 12. / 72 Read more »

Uber's lockup expiration could 'hobble the entire market' even more than Beyond Meat, Jim Cramer warnsCNBC's Jim Cramer warns of a 'very rude awakening' as a deluge of equity supply comes to market with little investor appetite. There’s got to be a “financial engineer” out there that can arrange a financing to buy all the stock back. It seems to work for established companies. 😎. C’mon Squid. Step up! Tell us how, not a hunch! UBER has .26% of float in index funds. BYND is .8% hardly enough to make a blip. Maybe mutual funds, biggest position in any fund is less than 3%.
Source: CNBC - 🏆 12. / 72 Read more »