03.12.2023 19:15:00

3 Reasons to Avoid Beyond Meat Stock

Despite some encouraging growth signs, Wall Street still has little taste for Beyond Meat (NASDAQ: BYND) stock.The good news is the plant-based meat specialist is making progress in its turnaround plan. Margins are improving, and inventory levels are much lower than they were a year ago. Yet the stock is still underperforming the market by a wide margin. Shares are down over 40% so far in 2023 compared to a 19% spike in the S&P 500.Those declines are well deserved. Even though Beyond Meat might look tempting after its big discount this year, most investors will want to avoid the stock. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Beyond Meat 9,04 -13,17% Beyond Meat
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