|Bid||166.31 x 1800|
|Ask||166.70 x 900|
|Day's Range||162.25 - 174.45|
|52 Week Range||45.00 - 201.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.83|
Beyond Meat is up over 570% since its IPO, yet shorts are still lining up to bet against the stock, according to S3 Analytics. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by David Bach, “The Latte Factor” author and AE Wealth Management co-founder, to discuss.
This is the year of the IPO, but what if you can invest before a company's public debut? Yahoo Finance's Zack Guzman & Heidi Chung, along with Women’s Wear Daily Business Reporter Kaley Roshitsh discuss with Netcapital Founder & CEO Jason Frishman.
With the advent of its new "ground beef" product, Beyond Meat's shares are up across the board. A 10% spike in share values is being credited to the company's recent announcement of the product. The rise in shares is also being credited to Beyond Meat's partnership with companies such as Tim Hortons and Carl's Jr. The plant-based meat alternative market is estimated to be worth $140 billion in the next decade.
(Bloomberg) -- Beyond Meat Inc. bears are battered, but they haven’t given up -- yet.Short sellers have managed to dodge a short squeeze despite the stock’s 35% advance in the past six trading days, according to S3 Analytics. While the stock fell as much as 4.5% on Wednesday before turning positive, expectations for borrow rates to resume rising could mean a capitulation is near.“Many short sellers are getting closer to the tipping point of closing out their positions due to expensive stock borrow rates, stock loan recalls and massive mark-to-market losses,” said Ihor Dusaniwsky, managing director of predictive analytics for S3.Short sellers are paying a total of more than $2 million a day in fees to borrow the stock, according to Dusaniwsky. While those costs have fallen as a result of a “slight” decline in short interest to 46% of the float and the stock’s pause on Tuesday, Dusaniwsky sees higher costs in the offing.“Lending long shareholders must have sold into this morning’s rally and momentum short sellers are pressing to get locates and sell volatility,” he said, referring to the stock’s gain of as much as 19% on Tuesday. “The resulting decrease in supply and increase in demand should move BYND’s stock borrow rate back over 100%.”(Adds Wednesday trading in second paragraph.)To contact the reporter on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Just two months after the launch of Beyond Tacos, tacos made with Beyond Meat’s plant-based protein, Del Taco Restaurants is now unveiling Beyond burritos.
The Beyond Meat short squeeze burned bearish investors. Here are five stocks that wary short sellers should watch.
Beyond Meat stock reversed lower Tuesday afternoon, amid analyst concerns that the stock is too expensive for its own good.
Investors have been excited for a while now about the potential for a Palantir market debut, even though the company has yet to lay out any specific plans for an initial public offering.
European Central Bank President Mario Draghi turned ultra-dovish in a speech in Portugal on Tuesday. Is this a motivation for Federal Reserve Chairman Jerome Powell and his cohorts to cut interest rates as they meet this week? President Trump on Tuesday blasted Draghi because stimulus in Europe means a lower euro versus the dollar, giving an edge to European companies in their exports to the U.S. On the other hand, the U.S. stock market is encouraged by Trump’s tweet of a “very good” phone call with President Xi of China and the news of an extended meeting with him at the G20.
Investors want another helping of Beyond Meat Inc. stock, with shares up another 12.6% in Wednesday trading, but the competition in the plant-based and meat-alternative categories could take a bite out Beyond Meat’s stratospheric growth.
sizzled earlier Tuesday on reports the company is debuting a new, plant-based "ground beef" that marbleizes and tenderizes the same way real ground beef does, though flamed out as investors turned their focus back to the stock's lofty valuation. Shares of Beyond Meat surged more than 14% in early trading, rising $24.62 to $194.58 on the Nasdaq Stock Market. The new product is made from a combination of plants including pea protein, mung bean protein and brown rice proteins, and is designed to be used in precisely the same way ground beef is used, according to media reports.
Beyond Meat stock briefly cracked $200 before trading at about $180, an incredible 620% rise from the company’s $25 IPO price. That’s killing short sellers who bet against the fledgling alternative-meat producer.
As a negative art, bond investing has become more and more difficult. This is one reason why there has been such a historic rally in municipal bonds, pension nonsense notwithstanding. The credit cycle will turn eventually.
The stock market powered higher early Tuesday after comments from President Trump. Facebook stock gained 1.5% in morning trade.
Shares of Beyond Meat Inc. shot above the $200 mark for the first time in early trading Tuesday, before paring some gains, as the maker of plant-based meat alternative extended its rocket ride since going public about seven weeks ago. The stock was up as much as 19% at its intraday high of $201.88, but was recently up 9.7% at $186.47, which was more than 7-times the $25 IPO price, as bearish investors have been forced to flee despite some concerns over competition. Last week, Tyson Foods Inc. unveiled its first alternative-meat products. The stock's rally comes as the Renaissance IPO ETF has gained 4.6% over the past three months and the S&P 500 has tacked on 3.0%.
(Bloomberg) -- A surge in popularity for Beyond Meat Inc. has sent the stock soaring to record levels, with the price of one share now worth more than 60 of the plant-based burger patties.The shares rose as much as 19% to a high of $201.88 on Tuesday. By comparison, Target Corp. advertises a two-pack of Beyond Burger patties for $5.99 online. Beyond Meat is also starting to introduce a ground “beef” product in stores this week.Beyond Meat has risen more than 600% since its initial public offering last month, sparking caution among Wall Street analysts. The stock has no buy ratings and the average price target is just $96, according to analysts surveyed by Bloomberg.“Beyond Meat’s valuation seems hard to swallow, as it is trading at 100 times premium to its traditional peers on Price/Revenue basis,” Nirgunan Tiruchelvam, head of consumers equity at research firm Tellimer Research, said in an email. That valuation is tough to justify even if revenue growth meets analyst projections, Tiruchelvam said.\--With assistance from Deena Shanker.To contact the reporter on this story: Janet Freund in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Anne Riley MoffatFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. stocks were poised to start higher after European Central Bank President Mario Draghi indicated that the bank could provide more economic stimulus.
(Bloomberg) -- After closing at a record high Monday, the buying spree in Beyond Meat Inc. shares doesn’t appear to be over. The stock rose as much as 19% in early trading Tuesday, briefly surpassing $200.To contact the reporter on this story: Janet Freund in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Catherine Larkin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Beyond Meat stock is on an incredible tear. On Monday alone, the stock rose 12% after announcing a new ground-beef alternative. Still, is another product launch enough to justify the extreme valuation?
(Bloomberg) -- Beyond Meat Inc. shares closed at their highest price yet as short sellers felt the burn to the tune of half a billion dollars.The shares rose 12% to $169.96 on Monday, extending a rally that has added almost 600% to the stock price since its initial public offering last month. That has cost short sellers $560 million in mark-to-market losses since the IPO, including $97.5 million in this session alone, said Ihor Dusaniwsky, managing director of predictive analytics at financial analytics firm S3 Partners. Bearish bets in the faux meat company are at $799 million with 5.3 million shares shorted, according to S3 data.“We are still not seeing any short covering in size today, as any shorts exiting their positions are being replaced by new shorts,” Dusaniwsky wrote. “Prime brokers are recycling the stock borrows they have on their books -- just the names of the short sellers are changing.”Makers of real meat, like Tyson Foods Inc. and Pilgrim’s Pride Corp., are also getting burned as summer barbecue season gets underway this week and Beyond Meat kicks off sales of its “Beyond Beef” plant product meant that’s meant to look like ground beef.Tyson shares slipped 4.1% while Pilgrim’s Pride fell 3.8%. Sanderson Farms Inc. tumbled 7.5% in its biggest drop in 18 months.With its own veggie burger in the works, Tyson has been the lone outperformer among so-called “protein” names since Beyond’s IPO on May 1. Tyson shares are up 5% since then, even as concerns over feed costs weigh on chicken producers.(Adds close of trading starting in first paragraph, S3 comment in third.)\--With assistance from Lydia Mulvany, James Attwood, Bailey Lipschultz and Catherine Larkin.To contact the reporters on this story: Cristin Flanagan in New York at firstname.lastname@example.org;Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Morwenna Coniam, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Trendy new IPOs always rock the boat, for a variety of reasons. A hyped-up IPO like Beyond Meat or Uber is likely to show sudden jumps or dips in share price because it simply hasn't been trading long ...