Interesting take on Beyond (BYND) that isn’t just “HAHA stupid vegan shills.”
The post-IPO excitement caught all the unresearched suckers, and now it’s crashing.
Here’s a reason that freefall is continuing – the “insiders,” i.e. people who should have some knowledge of the product rather than just being the rubes who bought high and got flattened – bailed just as soon as they legally could.
Insiders were finally allowed to sell their shares, six months after the May IPO. And the flood of sell orders — nearly 33 million shares traded on that day, a record for the stock — sent the stock down more than 22%.https://www.fool.com/investing/2019/11/05/why-beyond-meat-is-down-despite-a-strong-q3.aspx
And maybe people are starting to work out that it’s just another ultra-processed junk food.