BYND stock price and the dying plant-based meat industry
Beyond Meat (NASDAQ: BYND) stock price has been in a strong bull run as it surged by 40% between April 25th and May 6th. It then suffered a harsh reversal on Wednesday after the company published weak financial results. It tumbled to a low of $7.12, down by 13.4% from its highest point this month. The plant-based meat industry is strugglingBeyond Meat is one of the top disruptors in the food industry. It is the biggest player in the plant-based industry, which some analysts believe to be the future of food. A study by Grand View Research showed that the industry’s market size was valued at $4....