2020-1-29 21:42 |
Beyond Meat stock could be in big trouble as an under-the-radar lawsuit heats up and key executives face fraud allegations. The post Beyond Meat Stock Is in Big Trouble as Fake Meat CFO Faces Fraud Suit appeared first on CCN.com origin »
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Beyond Meat’s Q3 results showed a marked increase in legal costs. The firm’s upcoming lawsuit with Don Lee could have far-reaching financial consequences in the year ahead. These factors could place further downward pressure on the stock.
Beyond Meat reported its quarterly earnings on Monday. The numbers are not terribly impressive and hardly justify Beyond Meat’s stock valuation. Yet the company made a separate announcement that tanked the stock and will continue to tank the stock going forward.
By CCN Markets: The stock market is in the silly season when IPOs of companies that have no history of profits are soaring. The last time the stock market saw this behavior was when the dot-com bubble burst in 2000.
By CCN Markets: Beyond Meat stock tumbled 4% in today’s pre-market trading following the announcement of a new competitor – Tyson Foods. The poultry powerhouse is set to enter the meatless arena later this summer, beginning with a plant-based “chicken” nugget.
By CCN Markets: Beyond Meat was the biggest non-penny-stock market winner on Wednesday, soaring another 12. 7% to $142 per share. Beyond Meat’s stock is now up 460% since its IPO. Why is Beyond Meat’s stock going bonkers, and is the company’s valuation fair at this price? There are two reasons behind this insane move.
By CCN: IPO season is now in full swing, and yet another unicorn is ready to come to market. Beyond Meat, the vegan food manufacturer that wants to make fake beef mainstream, hopes to raise $183 million at a $1.