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Beyond Meat has resistance above at $21.06 and $27.19 and support below at $16.65 and $14.
Beyond Meat recruited Kim Kardashian to promote its products to millions on social media last year.
Beyond Meat shares fell sharply in US trading.
Both Impossible Foods and Beyond Meat are laying off employees.
Source: https://www.newyorker.com/magazine/2023/04/17/how-slutty-vegan-puts-the-party-in-plant-based-food
For the fourth quarter, analysts estimate Beyond Meat will report a loss of $1.18 per share on revenues of $75.79 million.
MUFG Securities EMEA plc bought a new stake in Beyond Meat during the 1st quarter worth approximately $75,000.
MUFG Securities EMEA plc purchased a new stake in shares of Beyond Meat during the 1st quarter valued at $75,000.
Source: https://www.dailypolitical.com/2023/05/29/beyond-meat-inc-nasdaqbynd-short-interest-update.html
On this news, shares of Beyond Meat fell $5.58 per share, or nearly 8%, to close at $64.51 per share on December 10, 2021.
Raymond James & Associates increased its stake in Beyond Meat by 47.6% during the 1st quarter.
The Beyond Meat Chart: Beyond Meat reversed into a downtrend on Feb. 3 after rejecting from near the 200-day simple moving average the previous day.
The Beyond Meat Chart: Beyond Meat reversed into a downtrend on Feb. 3 after rejecting from near the 200-day simple moving average the previous day.