Beyond Meat Tumbles To New Low After Seeking To Raise $200m
Beyond Meat tumbled 18% to new lows after it said it would sell up to $200 million worth of new shares amid a shrinking cash pile.
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Beyond Meat tumbled 18% to new lows after it said it would sell up to $200 million worth of new shares amid a shrinking cash pile.
Operator: Hello and welcome to Beyond Meat's 2023 First Quarter Conference Call. [Operator Instructions] Please note, this event is being recorded.
BYND earnings call for the period ending March 31, 2023.
Last trading at $10.26, Beyond Meat's stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. | May 11, 2023
Shares of Beyond Meat tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said it would sell up to $200 million worth of new shares as it faces a shrinking cash pile.