Beyond Meat (BYND) Shares Down 2.9%

Beyond Meat (NASDAQ:BYND) dropped 2.9% on Thursday . The company traded as low as $70.79 and last traded at $70.19. Approximately 57,599 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 15,245,953 shares. The stock had previously closed at $72.25.

Separately, Sanford C. Bernstein assumed coverage on shares of Beyond Meat in a report on Monday, May 6th. They issued an “outperform” rating on the stock.

In other news, insider Dariush Ajami acquired 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond J. Lane acquired 29,442 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $25.00 per share, with a total value of $736,050.00. The disclosure for this purchase can be found here.

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Beyond Meat Company Profile (NASDAQ:BYND)

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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