Following these proceedings, Argus upgraded its Beyond Meat Inc [BYND] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Consumer Edge Research’s analysts, who decreased its forecast for the stock in mid November from “an Equal weight” to “an Underweight”. Mizuho also remained covering BYND and has decreased its forecast on October 12, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. TD Cowen started covering the stock on September 13, 2023. It rated BYND as “an Underperform”.
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Price Performance Review of BYND
On Tuesday, Beyond Meat Inc [NASDAQ:BYND] saw its stock fall -4.41% to $6.29. Over the last five days, the stock has lost -1.72%. Beyond Meat Inc shares have fallen nearly -29.33% since the year began. Nevertheless, the stocks have risen 5.36% over the past one year. While a 52-week high of $12.12 was reached on 02/28/24, a 52-week low of $5.13 was recorded on 08/05/24. SMA at 50 days reached $6.39, while 200 days put it at $6.92.
Levels Of Support And Resistance For BYND Stock
The 24-hour chart illustrates a support level at 6.16, which if violated will result in even more drops to 6.03. On the upside, there is a resistance level at 6.48. A further resistance level may holdings at 6.66. The Relative Strength Index (RSI) on the 14-day chart is 46.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.33%. Stochastics %K at 44.89% indicates the stock is a holding.
How much short interest is there in Beyond Meat Inc?
A steep rise in short interest was recorded in Beyond Meat Inc stocks on 2024-10-15, growing by 2.43 million shares to a total of 26.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 23.72 million shares. There was a rise of 9.29%, which implies that there is a positive sentiment for the stock.
