Why Beyond Meat (BYND) Stock Is Falling
Portfolio Pulse from Henry Khederian
Beyond Meat (BYND) shares are trading lower by 8.46% amid profit taking after the stock gained on Thursday. The stock's rise may have been due to a short squeeze, with 43.07% of shares sold short.
June 09, 2023 | 6:44 pm
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Beyond Meat's stock is down 8.46% as investors take profits after Thursday's gains, which may have been driven by a short squeeze.
Beyond Meat's stock is falling due to profit-taking after the recent gains. The stock's rise on Thursday may have been driven by a short squeeze, as 43.07% of shares are sold short. This high percentage of shorted shares can lead to a rapid increase in stock price as short sellers cover their positions, followed by a decline as investors take profits.
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IMPORTANCE 80
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