Beyond Meat Inc’s recently made public that its Officer Brown Ethan acquired Company’s shares for reported $1.17 million on Dec 13 ’24. In the deal valued at $3.75 per share,313,000 shares were bought.
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Then, Brown Ethan bought 162,772 shares, generating $636,863 in total proceeds.
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”.
Price Performance Review of BYND
On Friday, Beyond Meat Inc [NASDAQ:BYND] saw its stock fall -1.79% to $3.84. Over the last five days, the stock has lost -15.60%. Beyond Meat Inc shares have fallen nearly -56.85% since the year began. Nevertheless, the stocks have fallen -63.18% over the past one year. While a 52-week high of $12.12 was reached on 02/28/24, a 52-week low of $3.86 was recorded on 12/13/24. SMA at 50 days reached $5.59, while 200 days put it at $6.58.
Levels Of Support And Resistance For BYND Stock
The 24-hour chart illustrates a support level at 3.72, which if violated will result in even more drops to 3.59. On the upside, there is a resistance level at 3.94. A further resistance level may holdings at 4.04. The Relative Strength Index (RSI) on the 14-day chart is 23.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.86%. Stochastics %K at 6.48% indicates the stock is a buying.
How much short interest is there in Beyond Meat Inc?
A steep rise in short interest was recorded in Beyond Meat Inc stocks on 2024-11-29, growing by 2.13 million shares to a total of 28.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.02 million shares. There was a rise of 7.56%, which implies that there is a positive sentiment for the stock.
