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Beyond Meat Inc (BYND) Stock: What Does the Chart Say Thursday?

Thursday, June 17, 2021 01:33 PM | InvestorsObserver Analysts
Beyond Meat Inc (BYND) Stock: What Does the Chart Say Thursday?

Beyond Meat Inc (BYND) stock is up 2.33% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Beyond Meat Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BYND!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BYND Stock Today?

Beyond Meat Inc (BYND) stock is trading at $150.62 as of 1:25 PM on Thursday, Jun 17, a rise of $2.99, or 2.03% from the previous closing price of $147.63. The stock has traded between $145.13 and $152.87 so far today. Volume today is light. So far 1,452,167 shares have traded compared to average volume of 5,351,750 shares.

To see InvestorsObserver's Sentiment Score for Beyond Meat Inc click here.

More About Beyond Meat Inc

Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 20% of 2020 sales. The firm's products are available in retail stores and the food-service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although mix changed to 74% retail/26% food service in 2020. We think the recovery from the crisis and new deals with McDonald's and Yum! Brands will return food-service sales to 45% by 2023.

Click Here to get the full Stock Score Report on Beyond Meat Inc (BYND) Stock.

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