Beyond Meat (BYND) is having rare (get it?) day: It closed down nearly 10% following an explosive start on the public market.
Our Paul R. La Monica notes that there isn't too much negative news that should hurt the stock. However there is one bearish prediction from a small analyst:
- Despite today's losses, the stock is still trading way higher than its $25 per share. debut. It's hovering around $77.
- Beyond Meat's shares are up 212% since going public on May 2.
- The company's first earnings report will be on June 6.