Why Beyond Meat Stock Skyrocketed on Wednesday
BYNDBeyond Meat(BYND) The Motley Fool·2024-02-29 01:13

Shares of Beyond Meat (BYND 42.55%) were sizzling on Wednesday, up by as much as 61.2% in early trading. As of 11:42 a.m. ET, the stock was still up by 44.1%. The catalyst that sent the maker of plant-based meat substitutes higher was the fourth-quarter report it delivered Tuesday after the close, which was something of a mixed bag. Mediocre results For the quarter, Beyond Meat's net revenue declined by 7.8% year over year to $73.7 million. The bad news traveled down the income statement, resulting in a net ...