Beyond Meat (BYND) Trading Up 14.6%
Shares of Beyond Meat (NASDAQ:BYND) were up 14.6% during trading on Tuesday . The company traded as high as $80.75 and last traded at $79.68. Approximately 7,068,911 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 9,519,401 shares. The stock had previously closed at $69.50.
Separately, Sanford C. Bernstein started coverage on shares of Beyond Meat in a report on Monday, May 6th. They issued an “outperform” rating on the stock.
In other Beyond Meat news, insider Dariush Ajami bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond J. Lane bought 29,442 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $736,050.00. The disclosure for this purchase can be found here.
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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