Recent IPO and plant-based giant Beyond Meat (NASDAQ:BYND) has quickly gone from sizzling to scorched. But given what’s happening off and on the price chart of BYND stock, it’s time to put shares on the radar for buying. Let me explain.
In a year offering unicorns Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) and Pinterest (NYSE:PINS) to capture Wall Street’s imagination, none have seized investors’ wallets like BYND stock. Shares of the alternative or slightly disparaging ‘fake or faux meat’ innovator are up roughly 600% from its early May IPO price of $25.