Beyond Meat stock sinks after earnings even though sales show signs of life


Beyond Meat Inc. has been chewed up by a fallow patch of waning consumer interest and high prices.

On Wednesday, the plant-based meat maker’s stock BYND initially sizzled 16% in extended trading following quarterly results that showed signs of life following a prolonged narrative of rough times for the industry. But the stock gave up those gains as extended trading continued, ending the session down 2%.



Source link