Beyond Meat slides after lead underwriter downgrades stock

Beyond Meat slides after lead underwriter downgrades stock

Shares of Beyond Meat fell on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in. Beyond Meat shares surged over 69 per cent in two days since it forecast overall sales in 2019 to more than double. JP Morgan cut the stock rating to ’neutral’ from ’overweight’.

Timothy
Timothy
Freyar H
Freyar H 8 months

And then it lost 20% because it was so highly overvalued.

Anubis
Anubis 8 months

It's Soylent Green and we are in fact in 1984.......

IIZard
IIZard 8 months

Define: Pump and Dump.

Darth Quaint
Darth Quaint 8 months

I was wondering g why only CNBC matched the aggregate, then I read up. Stock bounced harder than Nintendo's after Pokemon Go launched.

Booble Plus
Booble Plus 8 months

The crash of this company is going to be massive lol. One of these outlets is lying to you, notice which one it is.

Sir_Kutz
Sir_Kutz 8 months

Gross. Seriously, if you don’t eat meat why would you want something that resembles it?

michael zubas
michael zubas 8 months

Stem Cell meat would be better.

Judi Em
Judi Em 8 months

Talk about processed food. I want to see the ingredients list.

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