Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beyond Meat Inc shares valued at $1,173,093 were sold by Brown Ethan on Dec 13 ’24. At $3.75 per share, Brown Ethan sold 313,000 shares. The insider’s holdings dropped to 1,703,288 shares worth approximately $6.05 million following the completion of this transaction.
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Also, Brown Ethan sold 162,772 shares, netting a total of over 637,301 in proceeds. Following the sale of shares at $3.92 each, the insider now holds 1,524,032 shares.
Before that, Brown Ethan had added 313,000 shares to its account. In a trade valued at $1,173,093, the Officer bought Beyond Meat Inc shares for $3.75 each.
As published in a research note from Argus on February 29, 2024, Beyond Meat Inc [BYND] has been rated up from a Sell to a Hold. Analysts at Consumer Edge Research downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid November. As of October 12, 2023, Mizuho has decreased its “Neutral” rating to a “an Underperform” for BYND. Earlier on September 13, 2023, TD Cowen initiated its rating. Their recommendation was “an Underperform” for BYND stock.
Analyzing BYND Stock Performance
During the last five days, there has been a drop of approximately -6.84%. Over the course of the year, Beyond Meat Inc shares have dropped approximately -60.22%. Shares of the company reached a 52-week high of $12.12 on 02/28/24 and a 52-week low of $3.30 on 12/20/24. A 50-day SMA is recorded $5.19, while a 200-day SMA reached $6.42. Nevertheless, trading volume fell to 1.8 million shares from 3.88 million shares the previous day.
Support And Resistance Levels for Beyond Meat Inc (BYND)
According to the 24-hour chart, there is a support level at 3.45, which, if violated, would cause prices to drop to 3.34. In the upper region, resistance lies at 3.65. The next price resistance is at 3.74. RSI (Relative Strength Index) is 26.07 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 82.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
