Why is $BYND stock down today?
Beyond Meat, Inc. Common Stock · Food and Kindred Products
Why is $BYND down today?
The likely driver
- ›Total net revenues were $64.5 million, a decrease of 8.1% year-over-year.
- ›Gross profit was $12.4 million, or gross margin of 19.3%, compared to gross profit of $5.2 million, or gross margin of 7.4%, in the year-ago period.
- ›Loss from operations was $93.0 million, or operating margin of (144.1)%, compared to loss from operations of $98.1 million, or operating margin of (139.7)%, in the year-ago period.
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Today’s scanner timeline
- 5:40 AMBig % mover alert
- 5:40 AMUnusual volume (RVOL) alert
- 4:23 AMBig % mover alert
- 4:12 AMUnusual volume (RVOL) alert
Unusual-volume alerts often fire before the news is widely reported. This is when our scanner first flagged BYND today.
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