Beyond Meat Stock Is Back Above $1 as BYND Rally Tests Wall Street’s Doubts
Beyond Meat shares surged above $1 in heavy trading Tuesday, after Nasdaq warned the company in March it risked delisting if it failed to close above $1 for 10 consecutive days by Aug. 31. The stock hit $1.55 before settling near $1.31, with volume topping 129 million shares. Recent gains come despite a 19.7% drop in Q4 net revenue and a $69.9 million adjusted EBITDA loss. Wall Street’s average rating remains “Strong Sell.”