Why Beyond Meat Is Crashing Today
Beyond Meat(BYND) The Motley Fool·2024-07-19 00:31
Rumors of a restructuring are credible, even if they're unconfirmed.There was a time when Beyond Meat (BYND -10.04%) was hailed as a must-have investment due to the planet-saving nature of its products. Now the plant-based meat manufacturer is seemingly fighting for its own survival. Beyond Meat shares are down 10.6% as of 12:05 p.m. ET today, according to data from S&P Global Market Intelligence, in response to reports that the company is looking to restructure its debt.That's the polite way of saying the ...