Beyond Meat Stock Surges on Revenue Beat
BYNDBeyond Meat(BYND) Schaeffers Research·2024-02-28 23:13

The shares of Beyond Meat Inc (NASDAQ:BYND) are surging after the open, last seen up 54.2% to trade at $11.60, after the alternative meat name last night announced earnings results. For the fourth-quarter, Beyond Meat beat revenue estimates, and said it would "steeply reduce" costs in 2024. There's ample room for a short squeeze, considering the 23.36 million outstanding shares account for 38% of BYND's total available float. At its current pace of trading, it would take shorts more than eight days to buy b ...