Tag: BYND
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Why Beyond Meat is Sizzling Hot Today
Earlier this month, we highlighted opportunity in Beyond Meat (BYND). At the time, it traded at $63 a share. McDonald’s had just said it was rolling out a test of BYND’s plant-based burgers in 600 stores in Texas. It was also up on news it will release a vegan beef jerky snack as part of…
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Why the Beyond Meat Stock is Pushing Higher
Earlier this week, we highlighted Beyond Meat (BYND) as a potential opportunity. At the time, it traded around $63 a share. Today, it’s up to $66.75 on news McDonald’s is rolling out a test of BYND’s plant based burgers in 600 stores in Texas. It’s also up on news it will release a vegan beef…
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Don’t Count Out Beyond Meat Just Yet
The market has made mincemeat out of BYND in recent months. However, with a strong plant based food markets, give it time. According to analysts at Credit Suisse, plant based food could increase 100-fold to $1.4 trillion by 2050. In fact, they believe that a plant-based shift in global food systems in “inevitable,” as noted…
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Beyond Meat is a Solid Long-Term Opportunity
Beyond Meat (BYND) is pushing higher on heavy volume. At the moment, the stock is up $4 on volume of 4.9 million shares, as compared to daily average volume of 3.24 millio. For one, severely beaten down shares are just starting to pivot higher from support dating back to May 2019. Two, long-term, BYND could…
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Weakness in Beyond Meat Could be an Interesting Opportunity
Keep an eye on Beyond Meat (BYND). Over the last few days, the plant-based stock fell more than $5 a share after COVID-19 took a bit out of earnings. The company posted a loss of $19.3 million, or 31 cents a share, as compared to net income of $4.1 million, or six cents a share…