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How has Beyond Meat performed since its May 2 IPO?

How has Beyond Meat performed since its May 2 IPO?
Asked by
Simon Mugo categorie-icon time-icon2 months ago
1 Answer Answer Question

James Mason
Answered time-icon2 months ago

Beyond Meat Inc. (NASDAQ: BYND) stock has exceed most investors and analysts expectations given that it is trading at $79.68 a share today, up 216%. The meatless burger maker has enjoyed a massive rally since its May 2 IPO as investors bid up its shares based largely on its unique product lineup.

The company’s performance has made other recent IPOs such as Uber Technologies Inc. (NYSE: UBER) in the dust with its massive rally. The vegan food manufacturer is riding on a wave of conscious investors who are looking to back companies that challenge the status quo in traditional sectors.

The question on most investors’ minds is whether the company shall continue to outperform in the medium to long-term, or if it will pull back given its massive rally.

The answer to this question is that the stock is likely to pullback as bears try to push the stock lower, which could create an excellent buying opportunity for long-term investors. However, the company is likely to continue outperforming its peers over the medium to long-term.

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