Beyond Meat Stock CRASH: 60% Plunge After Shocking Debt Swap Stuns Investors
Beyond Meat shares plunged over 60% on Oct. 13, opening near $0.84 after a debt-conversion deal that triggered early settlement of $1.15B in notes. The stock is down about 44% over the past year, with a market cap near $150M, far below its $10B peak. Q2 revenue missed estimates at $75M, with a net loss of $33.2M. Analysts rate the stock “Strong Sell,” with a $3.00 average 12-month target.