Beyond Meat plans 'steep cost cuts' as U.S. demand remains weak
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Source: fooddive.com
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Beyond Meat flags flat sales outlook as US hit by "weak" demand
Beyond Meat posted another quarter of falling revenue and pointed to likely lower sales in 2024 as its US business continues to be hit by “weak" demand.
Source: just-food.com
Beyond Meat Jump Hurts Short Sellers, Sets Up for a Squeeze
(Bloomberg) -- Beyond Meat Inc. jumped as much as 61% in intraday trading Wednesday — its best one-day move since 2019. The surge is setting traders who have bets against the stock up for a lot of pain.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldTrump Eyes $4 Billion Stock Windfall as His Legal Bills Pile UpFlawed Valuations Threaten $1.7 Trillion Private Credit BoomStocks Decline in Run-Up
Source: yahoo.com
Beyond Meat suffers another massive loss | Food Business News
Company is discontinuing its jerky line.
Source: foodbusinessnews.net
beyond meat share price: Beyond Meat climbs 60% to 6-month high on short squeeze after price hikes, cost cut plans
About 37.6% of the company's free float, or shares worth $172.6 million, were shorted as of Monday, according to data and analytics firm Ortex. Bearish investors have lost $93 million on paper since Tuesday's close. Beyond Meat was also the most shorted U.S. stock after COVID-19 vaccine maker Novavax, as per a report from S&P Global Market Intelligence this week.
Source: indiatimes.com