Beyond Meat stock (NASDAQ: BYND) got fried after releasing its Q3 2020 earnings on Monday (November 9, 2020). Beyond Meat stock was down 36.7% from last month’s highs of $197.50 as of yesterday’s closing price of $125.01.
In this video, I discuss two reasons why the stock is crumbling. Then I give you my take on the long-term prospects for the stock. 2021 is shaping up to be a rough year for Beyond Meat.
DISCLAIMER: I'm not a financial advisor. These are my opinions and provided "as-is". It is not an offer to buy or sell securities. Read the Terms and Conditions.
So what do you think about BYND? Leave me a comment below. Thanks for reading.
I/we own shares of BYND
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article.
Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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