Overview
- Beyond Meat rose 17.84% to $1.01 on Wednesday at the time of publication, according to Benzinga Pro data.
- Benzinga reported no new company filings or press releases and characterized the advance as a sympathy move tied to broader market optimism before the holiday.
- Consumer Staples led market gains during the session, which likely supported the stock after a period of technical weakness.
- The shares had fallen about 47% over the past month following disappointing third-quarter results and a soft outlook.
- Beyond Meat reported Q3 revenue of $70.2 million, down 13.3% year over year, and guided Q4 revenue to $60 million to $65 million, while Benzinga Edge assigned a low Momentum score of 1.83 with negative trends across timeframes.