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Checking in on Beyond Meat Inc (BYND) after recent insiders movement

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Beyond Meat Inc’s recent filing unveils that its President, Chief Exec. Officer Brown Ethan unloaded 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 sold. As a result of this transaction, Brown Ethan now holds 1,703,288 shares worth roughly $6.83 million.

Then, Brown Ethan sold 162,772 shares, generating $637,301 in total proceeds. Upon selling the shares at $3.92, the President, Chief Exec. Officer now owns 1,524,032 shares.

Before that, Brown Ethan bought 313,000 shares. Beyond Meat Inc shares valued at $1,173,093 were divested by the Officer at a price of $3.75 per share.

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 jump 4.16% to $4.01. Over the last five days, the stock has gained 4.70%. Beyond Meat Inc shares have risen nearly 6.65% since the year began. Nevertheless, the stocks have fallen -51.45% over the past one year. While a 52-week high of $12.12 was reached on 01/03/25, a 52-week low of $3.30 was recorded on 01/02/25. SMA at 50 days reached $4.89, while 200 days put it at $6.28.

Levels Of Support And Resistance For BYND Stock

The 24-hour chart illustrates a support level at 3.87, which if violated will result in even more drops to 3.72. On the upside, there is a resistance level at 4.12. A further resistance level may holdings at 4.22. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.11%. Stochastics %K at 63.70% 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 2024-12-13, dropping by -0.31 million shares to a total of 27.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 27.9 million shares. There was a decline of -1.13%, which implies that there is a negative sentiment for the stock.

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